Help-wanted advertisements in New York will have to disclose proposed pay rates after a statewide salary transparency law goes into effect on Sunday, part of growing state and city efforts to give women and people of color a tool to advocate for equal pay for equal work.
Employers with at least four workers will be required to disclose salary ranges for any job advertised externally to the public or internally to workers interested in a promotion or transfer.
Pay transparency, supporters say, will prevent employers from offering some job candidates less or more money based on age, gender, race or other factors not related to their skills.
Advocates believe the change also could help underpaid workers realize they make less than people doing the same job.
Three things I’ve seen:
Employees getting “title changes” with no formal promotions.
Finding candidates through employee referrals or word-of-mouth, therefore no formal job posting.
“Expression of Interest” job postings, where no role is technically open or being sought to fill, but candidates can still submit resumes.
Last company I was at would bring people in on referrals, then offer them a different job and never pay out the referral because they didn’t accept the job there were initially referred for.
Magically the well dried up in a couple months and they were looking at 80% turnover in a matter of weeks. Never seen so many people quit en masse.
Did they have any kind of self-awareness as to why they had the resulting turnover? So many times I’ve been in companies where they do boneheaded moves, have the inevitable consequence, and then blame it on something else.
The industry was pharma. Specifically the opioid side. They don’t do self-awareness. And I’ll do ya one more, they have been in the headlines recently. Just do a quick search for Mallinckrodt and you’ll get the gist.