Effective November 1st, 2022, New York City is now requiring that employers display the pay rate or salary range on its job postings. Employers also need to:
a) Conduct an internal salary survey to determine an accurate compensation range
b) Analyze salary ranges to be offered to new hires
c) Conduct a pay equity audit on any differences in pay/salary
d) Ensure that any staffing firms or third party recruitment agencies are in compliance with the law.
Interestingly, Temporary Help Agencies or temp staffing agencies are not covered under this law. Temp agencies will continue to provide value to employees by conducting internal salary audits to ensure that they are paying competitive wages. Additionally, a reputable temp agency employing workers in New York City or surrounding New Jersey will want to be transparent with potential employees as part of its recruitment and retention strategy. The primary goal of a temp agency is to partner with its employee at the beginning of the recruitment lifecycle.
For more information on the New York City Employer Pay Disclosure law, visit the SHRM website.