Help-wanted advertisements in New York will have to disclose proposed pay rates after a statewide salary transparency law goes into effect on Sunday, part of growing state and city efforts to give women and people of color a tool to advocate for equal pay for equal work.
Employers with at least four workers will be required to disclose salary ranges for any job advertised externally to the public or internally to workers interested in a promotion or transfer.
Pay transparency, supporters say, will prevent employers from offering some job candidates less or more money based on age, gender, race or other factors not related to their skills.
Advocates believe the change also could help underpaid workers realize they make less than people doing the same job.
This is going to be interesting as hell…I used to work for a fortune 50 and on my way out I accidentally saw the pay rates for all the people in my department.
I should have kept that document, but was afraid of legal…and that place had Satan on their pay roll.
The really interesting data points were 2 women, who weren’t particularly good at their jobs, were off the pay scale by over 100%. Like wildly over paid compared to the rest of the department. #3 was a guy who I thought was our best dev…came in at half their rate.
It would be total bedlam if they had to make that public.
Sounds like BoA
I’m sure it would be in the short term, but in the long term, I bet it would land on being a better place to work.
I can’t fathom that place ever being a good place to work…it’s old money, and they have cash reserves to keep them solvent for a century.
They have no incentive to change. They’re happy when their high value staff quit and could care less about the churn it causes.