NYC Salary Transparency Law in Question as Businesses Push Back (msn.com)
New York City had set May 15 as the deadline for every job posting to list the minimum and maximum salary for each position. The rule applies to jobs that are remote or in-person, salaried or hourly, that will be performed in the city by an employee working for a company with four or more employees.
In an hours-long meeting on Tuesday, the Council Committee on Civil and Human Rights discussed an amendment that would exempt companies with fewer than 15 employees, exclude certain positions and move the effective date to Nov. 1. The changes would also allow businesses to post general “help wanted” listings, without a specific role, and not include salary information.
New York’s five borough chambers of commerce and the Partnership for New York City, a business group composed of the city’s largest companies, including JPMorgan Chase & Co. and Goldman Sachs Group Inc., pushed back against the law and said many of the 200,000 businesses and 30,000 nonprofit organizations have little knowledge of the legislation ahead of the May 15 deadline.
They said the salary disclosure law was passed “without any meaningful public input or consultation with employers,” according to an April 4 letter to the City Council. “It also comes in the middle of a local labor shortage, particularly in those sectors most impacted by the pandemic: health care, retail, and food services.”
Know how you can fix your labor shortage. Pay people and be transparent about it