On 01 November salary transparency legislation came into effect in New York City and applies to all job vacancy postings. All businesses looking to recruit must now specify the hourly or annual salary range of jobs for which they're hiring. Companies refusing to do so face a $250,000 fine.
Like other U.S. cities and states (Colorado, California, Washington, Connecticut, Rhode Island…), New York City has passed a salary transparency law. Employers must now provide a “good faith” salary range for each job, promotion and transfer opportunity advertised, whether internally, or externally on a jobs board. “Good faith” ‘means the salary range the employer honestly believes at the time they are listing the job advertisement that they are willing to pay the successful applicant(s),’...
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