{"id":503365,"date":"2022-10-23T19:49:32","date_gmt":"2022-10-23T16:49:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nyc-pay-transparency-law-will-spur-demands-for-raises-nationwide-experts\/"},"modified":"2022-10-23T19:49:32","modified_gmt":"2022-10-23T16:49:32","slug":"nyc-pay-transparency-law-will-spur-demands-for-raises-nationwide-experts","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nyc-pay-transparency-law-will-spur-demands-for-raises-nationwide-experts\/","title":{"rendered":"#NYC pay transparency law will spur demands for raises nationwide: experts"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a37a6ea2a220\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a37a6ea2a220\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nyc-pay-transparency-law-will-spur-demands-for-raises-nationwide-experts\/#%E2%80%9CNYC_pay_transparency_law_will_spur_demands_for_raises_nationwide_experts%E2%80%9D\" >&#8220;NYC pay transparency law will spur demands for raises nationwide: experts&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CNYC_pay_transparency_law_will_spur_demands_for_raises_nationwide_experts%E2%80%9D\"><\/span>&#8220;NYC pay transparency law will spur demands for raises nationwide: experts&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>A New York City salary transparency law that takes effect next month will likely spark a nationwide surge of worker demands for pay raises, experts told The Post.<\/p>\n<p>Starting Nov. 1, employers hiring in New York City will be required to include the minimum and maximum pay in every job listing \u2014 from $15-an-hour dishwashing gigs to seven-figure tech and finance jobs.\u00a0<\/p>\n<p>The law is intended to help job seekers avoid <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lying for jobs that pay too little and to help narrow gender and racial pay gaps \u2014 but its biggest effect will be causing many \u201ctricky\u201d conversations between bosses and current employees, according to Eli Freedberg, a partner at employment law firm Littler Mendelson.\u00a0<\/p>\n<p>\u201cWhen a current employee sees a new salary posted and they\u2019re at the low end of the range, that\u2019s going to raise some uncomfortable questions,\u201d Freedberg told The Post. \u201cThis is going to have a tangible result in inflating wages of current employees.\u201d\u00a0<\/p>\n<p>While\u00a0the law only applies to the five boroughs, experts say it will impact the whole country because employers want\u00a0to\u00a0be open to\u00a0hiring\u00a0remote workers who live in the city.\u00a0That means all jobs that could conceivably be performed in New York City will soon include salary ranges. <\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>Colorado, Nevada and\u00a0Connecticut also\u00a0passed salary range laws in 2021 \u2014 and states including California and Washington are set to implement similar measures in the coming months,\u00a0further raising the likelihood that salary ranges will become standard nationwide.<\/p>\n<p>Some companies, including real estate listings site Zillow, have already started posting salary ranges online. One typical Zillow listing for a software test engineer reads: \u201cIn Colorado, Connecticut, Nevada and New York City the standard base pay range for this role is $98,600.00 \u2013 $157,400.00 annually.\u201d\u00a0<\/p>\n<p>Remote workers who live in cheaper states may demand higher salaries when they see what colleagues in pricier coastal cities are making, Brian Kropp, a managing director at consulting firm Accenture, told The Post.\u00a0<\/p>\n<p>For example, a banker in Charlotte, NC could demand a raise after seeing how much new hires on Wall Street are making, Kropp said.\u00a0<\/p>\n<p>The bill was originally set to take effect in May but was pushed back to November amid pushback from business groups like the Partnership for New York City. Kathy Wylde, the group\u2019s CEO and president, told The Post she was glad the bill\u2019s implementation was pushed back but said she still had concerns about it hurting small businesses.\u00a0\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/zillow-real-signs-02.jpg?w=1024\" alt=\"Zillow \" class=\"wp-image-24357143\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/zillow-real-signs-02.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/zillow-real-signs-02.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/zillow-real-signs-02.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Zillow has already started disclosing salary ranges. <\/figcaption><figcaption><span class=\"credit\">Shutterstock \/ Tada Images<\/span><\/figcaption><\/figure>\n<p>One female white-collar insurance worker in her 20s told The Post she supports the new law, saying that she would likely quit her job if her company put up a listing for an identical role with a higher salary range than hers.\u00a0\u00a0<\/p>\n<p>\u201cIf I [found out I] was getting underpaid I would be pissed and probably leave,\u201d said the worker, who asked not to be identified.<\/p>\n<aside class=\"single__inline-module alignleft\">\n    <\/aside>\n<p>Many workers have taken advantage of rising wages and near-record low unemployment to score bigger paychecks by switching jobs \u2014 a trend that has been\u00a0dubbed the \u201cGreat Resignation.\u201d Raises for new hires have set the stage for a wave of longer-tenured employees demanding better pay, according to Kropp, a human resources expert.<\/p>\n<p>\u201cCompanies across the last year have increased the pay for their new hires in order to attract them on the labor market \u2014 but what very few have done is increase pay for their current employees,\u201d Kropp said.\u00a0<\/p>\n<p>The only reason current employees who make less money than new hires wouldn\u2019t ask for more money is because they\u2019ve started \u201cactively looking for a new job at another company,\u201d he added.\u00a0<\/p>\n<p>Sources in the banking industry said they already try to negotiate salaries by speaking to friends at rival banks and by looking at data from H1-B visas, which require companies to disclose how much they\u2019re paying certain foreign workers based in the US.<\/p>\n<p>\u201cThe smart people use that as a negotiation tactic already,\u201d one banker told The Post.\u00a0<\/p>\n<p>The bill is expected to have less of an impact on hourly workers in industries like retail and food service, according to Freedberg, since there\u2019s less wiggle room for hourly pay in that industry.\u00a0<\/p>\n<p>\u201cIt definitely impacts white-collar work more than your retail, hospitality type jobs,\u201d Freedberg said. \u201cThe wages in your fast-food sector tend to be fairly contained, $15 to $22 an hour, let\u2019s say\u2026 there\u2019s not going to be a huge amount of variation.\u201d\u00a0<\/p>\n<p>Still, Kropp argued that all workers will benefit from knowing how much a potential job could pay before they apply.\u00a0<\/p>\n<p>Employers who fail to post salary listings will not be fined if they add ranges within 30 days of being warned they\u2019re not in compliance. If they fail to add the range or rack up repeated violations, they can face fines of up to $250,000 per violation.\u00a0\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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Starting Nov. 1, employers hiring in New York City will be required to include the minimum&#8230;<\/p>\n","protected":false},"author":1,"featured_media":503366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/white-collar-workers-01-1.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[134458,71736,72588,87412,87348,5031,53479],"class_list":["post-503365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-23-22","tag-at-work","tag-money","tag-paychecks","tag-payroll","tag-the-workplace","tag-work"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/503365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=503365"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/503365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/503366"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=503365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=503365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=503365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}