Here are all the new salary transparency laws going into effect in 2023 (via CNBCMakeIt)
The salary transparency movement is well underway: In 2021, Colorado paved the way for new laws requiring businesses to list salary ranges on job ads, and New York City rolled out its own pay range law in November 2022. A handful of otherLooking ahead, three additional states will adopt their own disclosure laws in the new year, and bills are in the works with various state and city legislatures across the country.New salary transparency laws going into effect Jan.
Employers will be required to disclose the minimum and maximum range on offer before discussing compensation with the candidate, when they officially make the hire, and if the employee moves into a new position. Plus, they'll have to provide a salary range for a current employee's position at their request., Gov. Kathy Hochul approved a salary transparency bill in late December that's expected to go into effect in September of 2023.
"Progressive companies are seeing the writing on wall," Seikaly says. "They understand that if they post a competitive range, it's a great branding opportunity for them."
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