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New York enacted a pay transparency law in 2023. The law requires employers to publicly disclose job salary ranges. [6] Massachusetts enacted a pay transparency law in July, 2024, which applies to businesses with more than 24 employees, with data reporting for businesses with 100 or more employees. [7]
The biggest shortcoming so far of new state salary transparency laws is laughably wide pay ranges, often covering more than a six-figure span. Source:Payscale 2023 Compensation Best Practices ...
Between September 2023 and September 2024, “the share of salary-transparent listings grew in 43 of the 46 sectors analyzed — often by large margins,” according to a study by Indeed Hiring ...
New state regulations and an upcoming EU law will require HR teams to educate managers on how to handle employee questions about pay.
As an example (and not including locality adjustments), an employee at GS-12 Step 10 (base salary $98,422) being promoted to a GS-13 position would initially have his/her salary set at GS-13 Step 4 (base salary $99,028, as it is the nearest salary to GS-12 Step 10 but not lower than it), and then have his/her salary adjusted to a higher step ...
Empire engages in policy regarding New York state's spending and budget. Empire releases data regarding salaries and pensions of state employees and its impact on the state's budget. In 2018 Empire issued a report showing that over 3,500 state employees are paid more than Governor Cuomo's salary of $179,000. [8]
New York’s pay transparency law, which came into effect in September 2023, requires employers with four or more employees to disclose salary information in job postings.
Other transparency impacts include: farm subsidies in New York City, Chicago, and Washington, D.C.; [9] $24.2 billion in failed lending at the Small Business Administration; [10] quantified $1.2 trillion in federal payments to the top 100 of the Fortune 500; [11] found $92 million in high-end furniture purchases by the United States ...