NYC companies post overly broad salary ranges to avoid pay transparency
CBSN
Many firms seeking to hire employees in New York City have begun to comply with new rules that require companies to post a salary range for every job listing — a measure aimed at promoting pay equity. But other companies appear keen on circumventing the new law, which went into effect Monday, by posting overly broad salary ranges.
Indeed, some employers are posting jobs with pay ranges whose lows and highs span $100,000 or more. Technically, they could be in compliance with the pay transparency's requirement that companies post a "good faith" estimate as to how much the position will pay. But it doesn't give job seekers — or current employees, for that matter — much information.
"Some companies are posting such a wide salary range it's basically uninformative. Like, 'This role pays between $30,000 and $140,000,'" said Julia Pollak, chief economist at ZipRecruiter, an employment marketplace.
