A new law that went into effect this week requires most California employers to disclose salaries on job listings.
leading teams building network infrastructureNotably, these salary listings do not include any bonuses or equity grants, which many tech companies use to attract and retain employees.
The law could also penalize ambitious workers who are gunning for more money because of their experience or skills, the California Chamber of Commerce said last year when opposing the bill. Some employers might be wary of posting pay to prevent bidding wars for top talent. Employers are required to maintain detailed records of each job title and its wage history, and California's Labor Commissioner can inspect those records. California can enforce the law through fines and can investigate violations. The reports won't be published publicly under the new law.
Pay transparency laws could cause competition among companies that need to compete for the best talent. Some companies could even choose to post salary ranges on job listings where it's not required. Musa said that stock from big tech companies is basically liquid because it can be immediately sold on the stock market.
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