New York City to require employers to list minimum and maximum salaries

https://www.ny1.com/nyc/all-boroughs/news/2021/12/15/city-council-passes-bill-to-mandate-salary-transparency-in-job-listings

by hswolff • 5 years ago

72 54 5 years ago

ny1.com

Manuel_D6• 5 years ago

Minimum salary: $10,000 per year.

Maximum salary: $1,000,000 per year.

Legal compliance achieved, while still effectively maintaining confidentiality of salary info.

spicybright• 5 years ago

Not sure I follow. The min and max would be based all the real job in the company. Otherwise it's useless.

rahimnathwani4• 5 years ago

That range probably doesn't satisfy the requirements of the new law:

The range must: "extend from the lowest to the highest salary the employer in good faith believes at the time of the posting it would pay for the advertised job, promotion or transfer opportunity."

tablespoon5• 5 years ago

That range probably doesn't satisfy the requirements of the new law:

It's amazing how some people lazily assume they're so much cleverer than everyone else.

A good heuristic is to assume you're just plain wrong if you think you've discovered a way to weasel out of a law with only five seconds worth of thought.

Manuel_D6• 5 years ago

the employer in good faith believes

So unless you can read minds, it'd be hard to prove that the employer doesn't believe this is the salary range.

And besides, 10K to 1M is a pedantically large range to illustrate this dynamic. Realistically a lot of companies could provide a range from $60K to $300K for software developers - both of these are salaries I can attest to firsthand. This isn't as stark as a 100:1 range, but a range of 5:1 is still a wide enough range such that expected salaries are still effectively unknown.

9999000009997• 5 years ago

Way to make harder to get a job!

For my first salary role I took half the advertised pay as I knew less than half of what they wanted.

With this crap I'd just not get the job.

rahimnathwani4• 5 years ago

The law does not prevent this.

9999000009997• 5 years ago

The law opens any employer up to dozens of lawsuits if they hire people for less than what was advertised.

eschewobfuscat2• 5 years ago

This hasn't caused jobs to disappear in Colorado, which has a similar law.

9999000009997• 5 years ago

Colorado remote workers need not apply: Companies avoid state due to salary-posting law

https://www.denverpost.com/2021/06/26/colorado-remote-work-j...

missedthecue• 5 years ago

For remote work it has. I see postings all the time "Residents of Colorado are ineligible for this position"

Kranar• 5 years ago

Several companies refuse to hire from Colorado over its law:

https://www.theatlantic.com/politics/archive/2021/07/remote-...

millzlane• 5 years ago

I don't even waste my time applying if I don't know what to expect for compensation. So it's already hard to get a job.

commandlinefan• 5 years ago

Will be interesting to see how many (and which) corporations move headquarters to get around this.

JumpCrisscross• 5 years ago

Will be interesting to see how many (and which) corporations move headquarters to get around this

This is the wrong target. Large companies are generally fine with these sorts of laws. It's the small companies who now have another of ten million disclosure laws they have to follow, laws which vary from county to county.

Spivak• 5 years ago

What “small” company is hiring employees in so many countries that it’s burdensome to publish wages on their website.

rahimnathwani4• 5 years ago

Can you think of a single example of a company for which moving headquarters might make sense because of this law?

Remember that it applies only to salary (not total compensation) and it applies to jobs done in NYC, not jobs done for companies whose headquarters are in NYC.

imapeopleperson• 5 years ago

I’m worried I’ll get paid less so that others won’t have to get paid more.

erichocean2• 5 years ago

That's the goal, comrade. Equity for all!

dehrmann• 5 years ago

This might work better with government jobs than private sector, and it feels like public sector policymakers trying to manage businesses like they manage the government. Government jobs are more likely to have tight wage bands and strict requirements. The private sector will "figure something out" for a p90 candidate.

Since candidates will always ask for the top of the band, I'd expect either very tight bands and candidates get moved to "more appropriate" openings or bands covering 3 standard deviations so employers can claim the range is in good faith, but still leave room for negotiation.

literallyaduck• 5 years ago

All positions are now unique use a guid designation and have the same minimum as maximum are immutable. To change salary the position will be retired and a new one will take its place.

hellisothers• 5 years ago

At least in tech this has been mostly worthless in CA where your equity makes up 25-75% of your total comp and isn’t required to be reported since it isn’t your “salary”.

kf6nux• 5 years ago

It depends a lot on where you land in tech (both department and company). That's definitely true for SWEs at FAANG companies.

I wonder what it would take to update these laws to require total comp disclosure instead of simply salary disclosure.

New York City to require employers to list minimum and maximum salaries

Related Stories