Pay Transparency Is Sweeping Across the US

New data from job marketplace Indeed shows that as of August more than half of US job postings on the site included a salary range...

Pay transparency laws have recently spread across the US, taking effect in Colorado in 2021, New York City in 2022, and California and Washington states this year..

The New York law that took effect yesterday is intended to address pay inequity and requires employers with four or more workers to include on job ads the precise pay rate or a range that they believe in good faith to be accurate..

When he looked at the width of salary bands on job ads that included them for the 12 months ending April 2023, he found that tighter job markets tended to correlate with narrower bands, perhaps because employers were forced to make their listings more attractive..

This poses additional challenges for employers, as they need to come up with reasons to explain why they dont meet the qualifications for the top salary, he says.. Nonetheless, pay transparency is catching on..

You might be interested in