: Employers in these two states now post salary ranges for job listings. Millions of workers will now have more pay transparency.

by | Jan 5, 2023 | Stock Market

Do you know how much your job is worth? Millions of Americans are finally getting the answer.  On Jan. 1, California and Washington state began requiring employers to include pay ranges with their job listings. The two states follow New York City and Colorado in implementing pay-transparency measures.

As of Dec. 4, just 44% of California job listings and 48% of Washington listings included that information, according to the most recent data from the hiring platform Indeed. But after Jan. 1, that is set to change. “With pay transparency, the genie is out of the bottle and there is no going back,” Maggie Hulce, executive vice president and general manager of enterprise at Indeed, said in a statement. New York City implemented a similar rule in November, and since then the share of job postings that include employer-provided pay information has skyrocketed, she said. In New York City, 27% of job postings had pay information as of Oct. 1. That figure rose to 40% on the day the law took effect and was at 61% as of Dec. 4, according to Indeed. Job listings that include information about pay receive more interest from job seekers than do listings without that information, with 30% more applicants clicking the “apply” button, Indeed’s research shows. New York state also has a new pay-transparency measure, which was signed into law on Dec. 21 and will take effect in the fall of 202 …

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