Airbnb is telling employees they can now work from almost anywhere in the world without a pay cut in a move that could entice other companies to follow suit and bolster the company’s business.

Chief Executive Brian Chesky announced the new work-from-home policy in a note to staff late Thursday. The policy is designed to retain top talent and encourage other companies to offer greater flexibility, he said in an interview.

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This post first appeared on wsj.com

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