Salary ranges are coming to NYC job ads starting tomorrow. Here's what to know.
The law specifically states that beginning Nov. 1,"employers advertising jobs in New York City must include a good faith salary range for every job, promotion, and transfer opportunity advertised."
The salary requirement is specific to base salary, whether it's annual or hourly, but doesn't require employers to list things like health insurance, time off, severance pay, overtime pay, commissions, tips, bonuses, stock, 401 matching or other types of compensation.The law applies to businesses with four or more employees where at least one person is working in New York City.
On the flip side, a New York City-based employer won't have to comply with the law if they're advertising a job that will specifically be done in a location outside the city.Some major companies began including their pay ranges on job ads prior to the Nov. 1 deadline. They'll get a little bit of a grace period, though — the Commission won't assess a civil penalty for a first complaint as long as the employer shows they've fixed the violation within 30 days. Otherwise, noncompliant businesses may have to pay civil penalties of up to $250,000.Experts agree it's only a matter of time before salary transparency laws requiring salary ranges in job ads become the norm across the U.S.
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