schkra t1_iuo5q0d wrote
Reply to comment by SheepherderFew3844 in Employers that have four or more employees in NYC are legally required to share salary ranges for job listings. by [deleted]
to answer your question: this is important because it gives transparency to employees to see if their pay is reasonable, and it gives them data to negotiate for fairer wages. transparency is good for workers. additionally, it lets you sift through jobs to understand if it’s worth your time to apply. i’ve gone through multiple interviews before where the employer asks comp expectations at the end. if i’m asking for 1.5x what the position pays, seeing salary upfront shows me i shouldn’t bother. for employers, it also saves time on wasted interviews for candidates who never would’ve said yes anyway. for small companies it might be unpleasant, but if comp is small you can compensate in other ways that don’t need to be published such as equity or profit sharing. i fail to see how this is a dumb law for a state like new york where top talent goes.
edit - typo
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