: It should be much easier to know how much a job pays in 2023

by | Dec 29, 2022 | Stock Market

Job-seekers around the nation are likely to receive more information about what a position pays within advertisements in 2023, as large states join a growing push toward pay transparency. New laws taking effect in California and Washington state on Jan. 1 require employers with at least 15 employees to disclose pay ranges for open positions. A similar law will be effective in New York later in 2023, and is already on the books in Colorado.

With the adoption of these laws in the nation’s biggest states, it’s possible the inclusion of pay information in job listings could spread around the nation as companies adopt a uniform approach to comply. A cosponsor of the California law said it could be a “win-win” for employers and employees alike. “It could be beneficial for employers so they don’t have to go through the time-consuming process of interviewing a candidate only to find out that they’re not willing to accept the offer,” said Jessica Ramey Stender, policy director and deputy legal director of San Francisco-based gender-justice nonprofit group Equal Rights Advocates, in an interview with MarketWatch on Thursday. She added that pay ranges could also attract candidates that may not otherwise hav …

Article Attribution | Read More at Article Source

Share This