New Salary Transparency Law in New York City: What Employers and Candidates Need to Know

ByLA STARTUPS

A new salary transparency law is set to take effect today in New York City, making strides toward pay equity. The law requires employers with four or more employees to list “good faith” salary ranges on job ads, promotions, and transfer opportunities.

Ranges can’t be open-ended, such as “$20 per hour or more,” but the minimum and maximum can be the same, such as “$20 per hour.” The law covers base pay, but no other compensation and benefits.

Temporary staffing firms are exempted. Supporters say that the law could help narrow the gender and racial wage gap.

This law will impact both employers and candidates in New York City. Employers should be aware of the requirements and make sure that they are in compliance. Candidates can use this information to negotiate a fair salary.

If you are an employer or candidate in New York City, it is important to be aware of this new law and how it will affect you.

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