Facebook Is Going to Start Handing Out Employee Bonuses If They Help the Company Achieve 'Social Good'Previously, employees' contribution to company performance was scored on more measurable criteria, such as user growth.

ByIsobel Asher Hamilton

This story originally appeared on业务Insider

Facebook
Mark Zuckerberg with Facebook employees.

Facebook is coming up with ways of cleaning up its platform following months of scandal -- and one new initiative will see it offer bonuses to employees who help the company achieve "social good."

The financial incentives werefirst reported byFortuneafter being announced by Facebook CEO Mark Zuckerberg at Menlo Park on Tuesday. Facebook later confirmed the initiative to Business Insider.

It's not entirely clear how Facebook will measure "social good." Facebook's Chief Technology Officer Mike Schroepfer told Fortune that there's no easy way to figure out how well the company is progressing on its new goals. "This is going to be our first time figuring this out," he said.

Facebook bonuses are currently calculated on four metrics: Eligible earnings, individual bonus target, individual performance, and company performance. It's the latter of these four categories that will change from a focus on user growth to improving Facebook's standing in the world.

Zuckerberg views social good as: Fixing Facebook's problems, like election interference; building products that improve people's lives; supporting small businesses; and being more transparent.

"Over the past two years, we've fundamentally changed how we run Facebook. This particular change is designed to ensure that we are incentivizing people to keep making progress on the major social issues facing the internet and our company," a Facebook spokeswoman told Business Insider.

在Facebook上的第四季度收益电话,Zuckerberg emphasised that going forward, the company would concentrate more energy on fixing social problems, ranging from fake news to hate speech, to election interference and beyond. Zuckerberg also told investors that he wanted toshift focus to promoting "meaningful interaction" on the social network, not just trying to maximise usage.

Editor's Pick

Related Topics

Business News

'No Question, We Probably Went Too Far': Delta Airlines CEO Backtracks on Sweeping Changes to SkyMiles Accounts, Sky Club Access

The unpopular changes set to roll out in 2025 were announced earlier this month.

Business News

Jeff Bezos Lost $5 Billion in 1 Day After Amazon FTC Lawsuit News

The lawsuit accuses Amazon of engaging in anticompetitive practices, which has led to a sharp decline in the company's stock value and a substantial reduction in Bezos's net worth.

Business News

Why Barbara Corcoran Chose Her Business Partner After Looking Inside Her Purse: 'Best Hire I Ever Made'

Esther Kaplan served as President of the Corcoran Group until 2000.

Business News

Katy Perry Is Fighting the Founder of 1-800-Flowers for a $15 Million California Mansion He Doesn't Want to Sell Her

The eight-bedroom, 11-bathroom estate sits on nearly nine acres in the Santa Ynez foothills in Montecito.

Growing a Business

Want to Sound Smarter? This Stanford Professor's Simple 3-Point Technique Will Help

With a little structure, you can impress audiences with your ad-libbing all day.