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Facebook boosts minimum wage, benefits for contract workers

Facebook Inc. is increasing pay and benefits for contract workers and people employed through company vendors.

By Meenal Vamburkar | Updated on May 13, 2015
(Photo by Darren Abate/Invision for Facebook/AP Images)

(Bloomberg) — Facebook Inc. is increasing pay and benefits for contract workers and people employed through company vendors.

The new standards include a minimum wage of $15 an hour and at least 15 paid days off for holidays, sick time and vacation, Chief Operating Officer Sheryl Sandberg wrote in a blog post on Tuesday. For workers who don’t receive paid parental leave, the social-networking company has a $4,000 new-child benefit. California’s minimum wage is set to increase to $10 an hour in January from $9. The national rate is $7.25 an hour.

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