As of November 1st, the Pay Transparency Law affecting New York City's roughly 4 million private sector workers is going into effect. Most employers in NYC are now required to list the salary range on all posted job ads and promotion opportunities.
Who This Impacts: Businesses with 4 or more employees (including the owner) where at least one employee is working in New York City whether it is in an office, field based or from the employee's home
What The Law Requires: Employers advertising jobs in NYC must include the minimum/maximum salary offer
With this being said, it is now more important than ever to ensure that your employee benefits package is appealing to gain and retain your workforce to potential employees as well as recruiters.