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Facebook Boosts Minimum Wage for Contract Workers

New benefits standards include at least 15 paid days off a year.

By Meenal Vamburkar, Bloomberg | Updated on May 14, 2015

Facebook Inc. is increasing pay and benefits for contract workers and vendor employees, joining Silicon Valley companies that are taking steps to narrow the compensation gap in the region.

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 by $1 to $10 an hour in January. The national rate is $7.25.

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