K
Kathleen Martin
Guest
Starting in May 2022, New York City job hunters will notice a new section in job postings. Along with descriptions of roles and responsibilities, employers will be mandated to include a salary range for open positions.
The Big Apple is the latest jurisdiction to join a nationwide legislative push to increase clarity around salary. These initiatives seek to close wage gaps, which often disproportionately affect people of color and women. Pay transparency laws give rise to significant compliance responsibilities for employers, especially those with remote roles open to applicants across multiple states.
Employers — no matter where they’re physically located — must track legal developments and enact well-thought-out compliance programs if new laws arise in their area. Even beyond legal obligations, companies can reap significant benefits from taking a proactive approach to pay transparency.
To guide you, we gathered the pay transparency trends you need to know.
Related article: 6 Big Decisions CEOs Will Confront in 2022
Pay Transparency is on the Rise
New York’s pay transparency law is neither new nor novel. Other states and jurisdictions require employers to disclose pay. However, these laws vary significantly in when the salary talk must occur and often require candidates to proactively ask for a pay range.
Continue reading: https://seniorexecutive.com/new-york-city-pay-transparency-is-on-the-horizon/
The Big Apple is the latest jurisdiction to join a nationwide legislative push to increase clarity around salary. These initiatives seek to close wage gaps, which often disproportionately affect people of color and women. Pay transparency laws give rise to significant compliance responsibilities for employers, especially those with remote roles open to applicants across multiple states.
Employers — no matter where they’re physically located — must track legal developments and enact well-thought-out compliance programs if new laws arise in their area. Even beyond legal obligations, companies can reap significant benefits from taking a proactive approach to pay transparency.
To guide you, we gathered the pay transparency trends you need to know.
Related article: 6 Big Decisions CEOs Will Confront in 2022
Pay Transparency is on the Rise
New York’s pay transparency law is neither new nor novel. Other states and jurisdictions require employers to disclose pay. However, these laws vary significantly in when the salary talk must occur and often require candidates to proactively ask for a pay range.
- California requires employers to disclose a pay range at the request of a candidate after the first interview.
- Connecticut and Maryland employers must disclose pay upon a candidate’s request at any time. Rhode Island will also enact these requirements in 2023.
- Nevada employers must proactively disclose pay after an initial candidate interview.
- Washington requires disclosure upon request after employers make an initial offer.
Continue reading: https://seniorexecutive.com/new-york-city-pay-transparency-is-on-the-horizon/
