The city of New York has recently made national headlines for it’s push to make wage transparency a law. The change will make it mandatory for all employers to disclose the maximum and minimum pay for all job openings beginning next week.
According to the CNBC, the law will only be applicable to companies with more than three employees. In addition, not every employee needs to reside in NYC; if the business has just one NYC-based worker, it will be required to share the maximum and minimum wage for each role. If a company chooses not to follow suit, than it will be given a warning and 30 days to correct the violation. If a correction is not made, the business could face up to $250,000 in fines.