More Companies May Start Helping Employees Buy Homes
Facebook is reportedly offering cash to employees who move closer to work.
Potential buyers exit a home for sale near San Francisco, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Facebook wants to keep its workers close to the office, and it’s willing to pay for it.
The social networking giant is offering workers $10,000 or more to move within 10 miles of the company’s Menlo Park, Calif., headquarters, according to a report from Reuters on Thursday. It's a move that has the potential to entice employees to work longer hours while easing the stresses caused by long commutes and the San Francisco Bay area’s staggering housing prices. Facebook did not respond to an e-mail requesting comment.