Credit: pathdoc/Adobe Stock What Happens When Salaries Stop Being Secret? We're About to Find Out as Wage Transparency Laws Spread
"I think it's going to force more companies to take a closer, more active look and engage themselves with pay equity more. And it will also give people more of a chance to say 'I don't think my pay is fair,' and engage on that issue," said attorney David Rapuano.
September 13, 2022 at 03:22 PM
7 minute read
What You Need to Know
- A growing number of jurisdictions is adopting laws that require employers to disclose information about their employees' wage ranges.
- The next step in the wage transparency movement could be the adoption of laws requiring employers to submit salary data to a government agency that will search for evidence of discrimination.
- Some observers said young workers embrace wage transparency and associate it with fairness and job satisfaction.
Lawmakers across the nation are adopting a crop of wage transparency laws, imposing new obligations on employers in an effort to stamp out inequities in compensation. But it remains to be seen whether more information about other people's earnings will make pay more equitable, or reduce the number of salary-discrimination lawsuits.
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