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Companies worldwide have made compensation discussions a top priority, due in part to a rising number of countries enacting regulations addressing pay transparency and inequity. It’s a well-known fact that substantial pay gaps exist that are based on gender and race, with global findings revealing that women earn only 77 cents for every dollar that men make.
In just the past year, new legislation has been introduced in the US that addresses pay transparency laws by state. Employers in New York must now disclose the job description and salary range in any advertisement for a job, promotion, or transfer opportunity.
