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Salary Transparency

All articles tagged with #salary transparency

employment2 years ago

Jobseekers' Distrust Grows as Salary-Range Listings Become Common

Jobseekers are feeling duped and frustrated after discovering that the salary ranges listed in job postings may not accurately reflect the actual pay they can expect. Some employers exploit the vague language of pay-transparency laws, setting wide salary ranges or reducing the figures during the interview process. Recruiters argue that candidates often misunderstand what a salary range represents, with companies intending to hire in the middle of the range and leaving room for raises over time. The murky nature of pay-transparency laws adds to the frustration, with no standardized enforcement or definition of terms. Jobseekers are adjusting their application strategies to account for potential discrepancies in salary ranges.

via BBC.com|
#employment#jobseekers#misinterpretation
business2 years ago

"New York State Implements Salary Transparency Law for Employers"

A new salary transparency law has gone into effect across New York state, requiring employers with at least four workers to disclose salary ranges for any job advertised internally or externally. The law also applies to remote employees who work outside of New York but report to a supervisor, office, or worksite based in the state. Government agencies and temporary help firms are exempt from the law.

via CBS News|
#business#employment-law#new-york-state
employment2 years ago

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.

via Yahoo Finance|
#employment#job-postings#job-seekers
business2 years ago

"Tech Worker's Viral LinkedIn Salary List: A Double-Edged Sword, Experts Caution"

A tech worker named Charlotte Chaze has gone viral after listing all of her past and current salaries on her LinkedIn profile in an effort to promote salary transparency. While some view this as a bold move, experts caution that it may work against her and others who follow suit. By disclosing current salary information, individuals risk being lowballed in future job offers and perpetuating pay inequities. It can also strain relationships with current employers and damage company reputations. Instead, experts suggest using anonymous salary-sharing websites or organizing collective action to address pay issues.

via Fortune|
#business#career-advice#linkedin