Companies are already finding ways around New York City’s brand new pay transparency law, which went into effect on Nov. 1.
A spokesperson for Citigroup later clarified that the eye-popping posting had been caused by a computer glitch. The revised entry showed a salary range between $59,340.00 and $149,320.00.requires employers to post salary minimums and maximums at an amount “the employer in good faith believes at the time of the posting it would pay for the advertised job.
Beverly Neufeld, president of PowHer New York and a proponent of the new legislation, said it would be up to the city to determine whether wide-ranging minimums and maximums could be considered not in “good faith,” and thus in violation of the law. “The law isn’t meant to punish. It’s meant to push us forward,” she said. “We’re at a culture change moment here. It's gonna take some employers a little longer to recognize that this is really to their advantage to shift secrecy as the rule to transparency.”
“I'm sure that there's going to be businesses that are going to be trying to find loopholes here,” Brannan said. “If need be, we will amend the law. If we start seeing businesses that are [posting] the salary range is $60,000-$110,000, then I think we're going to have to certainly amend the law.”
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