Stock Groups

New York City delays start of law requiring salaries in job advertisements -Breaking

[ad_1]

© Reuters. FILEPHOTO: An “Now Hiring!” sign was posted at the Verizon store in Manhattan, New York City on May 10, 2016. REUTERS/Brendan McDermid/File Photo

Jonathan Allen

NEW YORK, (Reuters) – The New York City Council voted to postpone its pay transparency law for six months until Nov. 1. Employers will now be required to list salary ranges when posting job ads.

This January’s law is designed to eliminate wage gaps where women and other non-white employees receive less pay than men. Some business leaders argued that the city should have more time to help more than 200k businesses affected by this law to ensure compliance and address any unintended consequences.

Nantasha, Council Member for the West said “Salary transparency insures that we are closing our wage gap.” She was speaking out about the amendments to the law and the delay.

For 2019, which was the latest year data are available, New York State’s median earning for full-time men was $60813, almost $9,000 less than for women who earn $51,922. New York City municipality employees were surveyed in 2021 and found that the median salary of white workers was $27800 more than that earned by Black employees. It also paid $22,200 more than that earned by Latino employees.

Five chambers of commerce in the city said that local businesses support the laws goals, but demanded more time to ensure enforcement.

A number of business leaders expressed concern that it may be harder for minority-owned small businesses to recruit talented workers if wealthy employers can outbid them.

Lisa Sorin (President of Bronx Chamber of Commerce) said that as a woman she wanted to receive the same salary as a man in an interview. But, will that limit your (pool) of potential candidates if you can’t pay the same as someone else?

It is similar in concept to transparency laws that are used by states in California or Colorado.

New York City amended law is applicable to all employers that have at least four employees. The law also covers hourly wage earners, as well workers who receive annual salaries. The council rejected attempts by business leaders to exclude smaller employers.

[ad_2]