California forces companies to show pay on job listings, revealing big tech salaries – CNBC

by | Jan 5, 2023 | Jobs

Steve Proehl | Corbis Unreleased | Getty ImagesA new law that went into effect this week requires most California employers to disclose salaries on job listings.The law affects every company with more than 15 employees looking to fill a job that could be performed from the state of California. It covers hourly and temporary work, all the way up to openings for highly-paid technology executives.That means it’s now possible to know the salaries top tech companies pay their workers. For example:Notably, these salary listings do not include any bonuses or equity grants, which many tech companies use to attract and retain employees.California is the latest and biggest state to enact a pay transparency law, joining Colorado and New York City, which had previously passed similar policies. But more than 20% of Fortune 500 companies are based in California, including leaders in technology and media, and advocates hope that California’s new law will be the tipping point that turns posting salary information into standard practice.In the U.S., there are now 13 cities and states which require employers to share salary information, covering about one in four workers in the U.S., according to Payscale, a software firm focusing on salary comparison.California’s pay transparency law is intended to reduce gender and race pay gaps and help minorities and women better compete in the labor market. For example, people can compare their current pay with job listings with the same job title and see if they’re being underpaid.Women earn about 83 cents for every dollar a man earn …

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