Pay transparency: Insights from HR leaders

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On November 1, 2022, New York City’s new pay transparency law for businesses operating in the region went into effect. This legislation follows similar measures in 17 states across the United States, including Colorado, Connecticut, and Maryland, and precedes new laws which will take effect in early 2023 in Washington and California.

This emerging trend toward strengthening pay transparency laws isn’t solely a US phenomenon. For businesses operating (or planning to expand multi-nationally), the EU recently passed similar legislation, too.

So how do these seismic changes to the recruitment market affect job postings, pay equity, and your compensation strategy?

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