Friday, January 27, 2023

Hochul signs Pay Transparency Act for entire New York State

NEW YORK — New York state employers will have to begin listing a salary range for every job, promotion and job opportunity they advertise or advertise after Gov. .9427-A/A.10477).

“For New York to remain the best place to work, we must build the best protections for our workers, and this legislation will help do that,” said Governor Hochul. “This landmark measure will usher in a new era of fairness and transparency for New York workers and will be an important tool in our efforts to end the widening pay gap for women and people of color.”

The measure establishes a New York state salary transparency law, which requires employers to list salary ranges in advertisements or postings for job opportunities and promotions. According to the US Department of Labor, in 2020 women earned 83 cents for every dollar earned by men.

This disparity is even greater among black women (64 cents) and Hispanic women (57 cents).

The disclosures required by this law will empower workers with critical information, reduce discriminatory pay-setting and hiring practices, and help level the playing field for all workers.

The purpose of this legislation is to address systemic pay inequality and discrimination through increased pay transparency by requiring employers to disclose significant compensation information when issuing a new job opportunity, promotion, or transfer.

“With the signing of the bill, New York’s first female governor is enacting a statewide structural solution to the wealth gap based on race and gender that leaves women far behind their peers. Equal pay for equal work State Senator Jessica Ramos said, “How do we build women as economic anchors of our communities. As this law takes effect, I encourage all New Yorkers to speak up about their pay, demand transparency, and use this law to make sure they get what they deserve.”

The move comes nearly two months after New York City implemented a similar measure.

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news