Employers in these two states just started posting salary ranges on job listings. Millions of workers will now have more pay transparency.
Starting Jan. 1, California and Washington state will require 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. 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.
Significant pay gaps remain between ethnic groups and between genders persist, according to a 2022 analysis by the Institute for Women’s Policy Research. Looking at median weekly earnings, women make 83 cents on the dollar compared to men. The gap is even larger for women of color, with Black women earning 63% and Hispanic women earning 58% of what white men earn.
Every job seeker should be prepared to negotiate, and until all states mandate pay-transparency laws, people can use publicly available benchmarks as reference points, Katie Twomey, vice president of finance and operations at Illumen Capital, told MarketWatch.
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