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57% Of Companies Want To Enact Geographic Pay Policies – Here’s Why That’s A Problem

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A new survey finds that more companies are exploring discrepancies between remote and hybrid worker salaries. . According to advisory firm Willis Towers Watson’s (WTW) 2022 Pay Clarity Survey, 17% of companies currently disclose pay ranges in states where it is not required by law.

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Salary Transparency Laws Are Making their Way Across the U.S.

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17, employers in the state of New York will be required to disclose the minimum and maximum salary or hourly range on their job postings. New York City had previously enacted laws in 2022 that addressed salary transparency for employees in the city. The post Salary Transparency Laws Are Making their Way Across the U.S.

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HR Leaders Share How New Salary Transparency Laws Have Changed Everything

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As of November 1, a law in New York City now requires employers with four or more people on the payroll to provide a salary pay range in all job advertisements. . Last year, Colorado enacted the Equal Pay for Equal Work Act — a law that requires employers to include salary ranges on their job postings. .

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Airbnb CEO Says Companies Are “At A Disadvantage” If They Oppose Remote Work

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Airbnb CEO Brian Chesky recently made headlines after unveiling his company’s new hybrid work policy. Now he says that companies who forgo these arrangements could fall behind in the competition for talent. . We didn’t invent remote work, but almost no company offered this model.”.

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As CEO Salaries Skyrocket More Than 25%, Financial Security Is Wavering For Workers

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The gap between CEO and employee salaries continues to expand, despite overwhelming backlash from low wage employees. . Within a year during the pandemic, on average CEOs gained “29% raises while their median worker pay fell by 2%,” the Institute for Policy Studies (IPS) found.

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Microsoft’s Pay Transparency Policy Could Set A Precedent For The Tech Industry

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Microsoft recently announced that it would start disclosing salary ranges in the US in January 2023. . Some states have already implemented such a policy where large employers are required to provide transparency over their pay ranges, normalizing this trend.? . So how should leaders proceed? . One way to eliminate this risk?

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Do Pay Transparency Laws Actually Matter?

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employers list salary ranges in job postings in response to recently passed pay transparency laws, fewer people are submitting applications without first knowing what they pay. Pay transparency laws aim to promote fairness and reduce pay disparities based on factors like gender, race, and ethnicity. As more U.S.

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