ALBANY, N.Y. Governor Kathy Hochul signed new legislation Wednesday, creating a pay transparency law that will require employers to list salary ranges for all jobs and promotions that are
Starting this week, job-seekers in New York City will have access to a key piece of information: how much money they can expect to earn for an advertised opening
department survey show job openings surged in september to more than 10.7 million, meaning roughly two job openings for every available worker. and if you re looking for a job in new york city, things just got a bit more transparent. stuarting today, most companies are required to post salary ranges for every available job. cbs s tanya rivero reports on why it s a growing trend in tonight s money watch. i think it s a great thing. reporter: job seeker lauren bagger already finds the newly disclosed salary ranges useful in her search for a management position. especially in the corporate workplace, you kind of undervalue yourself times. reporter: seher khawaja who helped draft the legislation says it helps give employees more leverage in the negotiating process. for so long we ve seen paid secrecy creates a power imbalance between employers and employees. reporter: seven states have similar paid transparency laws.