New York City requires employers to post salary ranges

The mandate will go into effect in April and will apply to employers with more than four employees, but excluding temporary hiring firms.

“Our new law shines a light on pay inequality,” Helen Rosenthal, a former City Council member and sponsor of the bill, told CNN in a statement. “Including salary ranges in job postings allows job seekers to determine whether they will be able to support themselves and their families when applying for jobs.”

Not posting the minimum and maximum wages would be considered an “unlawful discriminatory practice” under the city’s human rights law and could result in a fine of up to $125,000.

Beverly Neufeld, president of Pohr New York – a nonprofit focusing on economic equality for women that works with Rosenthal on the legislation – called it a “concrete step in eliminating the causes of pay inequality”. .

“This transformational legislation will reduce bias, maximize transparency, change cultural norms and flatten the “payments” sector,” she said in a statement.

Employers preparing for big pay hikes in 2022
A version of the bill has been introduced in the New York State Senate and other states have adopted similar measures. In 2019, Colorado became the first state to require a wage or hourly wage to be included in a job posting.
According to compensation data company Payscale, the median salary for women was 18% lower than that of men in 2021, equivalent to 82 cents on the dollar and a 1 percent increase in 2020. The study also found that when controlling for factors such as experience, industry and job level, women still earn less, even if they have similar employment characteristics: 98 cents for every dollar.

The wage-limit law passed in the city council last month with a 41 to 7 vote. Mayor Eric Adams had until midnight on Friday to veto the bill to stop the bill from becoming law.

Republican council member Joe Borelli, the minority leader, voted against the bill, calling it “unnecessary interference” in contract negotiations.

“It comes across as someone who has never run a business,” he told CNN affiliate NY1.

Source link

What Do You Think About this News