New York State has enacted a new law requiring employers to list a range of compensation in advertisements for job, promotion, or transfer opportunities beginning September 17, 2023.
According to HCAOA partner Polsinelli, the new state law applies to all remote positions that can or will be performed, even in part, in New York state. New York joins California, Colorado, and Washington in imposing similar new pay transparency requirements upon employers.
The new law applies to New York employers with at least four employees, as well as employment agencies or recruiters. Covered employers are required to disclose in any advertisement for a job, promotion, or transfer opportunity the minimum and maximum annual salary or hourly range of compensation that the employer believes in good faith to be accurate at the time of posting.
Employers are also required to disclose the job description in any advertisement for a job, promotion, or transfer opportunity and to maintain records demonstrating compliance. Failure to comply may result in penalties ranging from $1,000 to $3,000.
To read the full Polsinelli blog, click here.