4 million NYC workers will now see how much jobs pay before they apply—here’s what to know – CNBC

by | Oct 31, 2022 | Jobs

After months of waiting, landmark legislation affecting New York City’s roughly 4 million private-sector workers is finally going into effect: Starting Nov. 1, most employers in New York City will be required to list the salary range on all posted job ads, promotions and transfer opportunities.Experts say legislation that promotes salary transparency from the employer’s side is key to closing racial and gender wage gaps.And given the size and scale of employers in New York City, coupled with a newfound adoption of remote work, it’s likely the new law’s impact will reach far beyond the city.Here’s what to know.What the law requiresThe law specifically states that beginning Nov. 1, “employers advertising jobs in New York City must include a good faith salary range for every job, promotion, and transfer opportunity advertised.”A “good faith” range is one the employer “honestly believes at the time they are listing the job advertisement that they are willing to pay the successful applicant(s),” the New York City Commission on Human Rights says.Employers must post the minimum and maximum salary on offer for a particular role when it’s listed on an internal job board, as well as external sites like LinkedIn, Glassdoor, Indeed and other job search platforms. It also applies to any written description of an open job that’s printed on a flyer, distributed at a job fair or submitted to newspaper classifieds.The salary requirement is specific to base salary, whether it’s annual or hourly, but doesn’t require employers to list things like health insurance, time off, severan …

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