The Rise of Salary Ranges in Job Postings
Job postings with salary ranges are becoming increasingly common in the US, with half of all job postings in August including some form of employer-provided salary information, according to a report by job board Indeed. This marks the highest share recorded so far, with the overall share of postings with pay transparency nearly tripling since February 2020. The increase is largely due to pay transparency laws enacted by states, and this trend is expected to continue with New York State's disclosure law taking effect this month. By the end of the year, approximately one in four workers in the US will be covered by a state or local law requiring pay range disclosure. The availability of salary information helps job seekers negotiate compensation and has led to increased application rates and higher-quality applicants, according to research. However, there are concerns that employers may reduce the precision of pay information as recruiting intensity fades.