How to Keep Up with Upcoming Salary Transparency Laws
Event summary
Salary transparency laws are becoming more widespread with California and New York joining a list of states now requiring companies to share their salary bands in their job postings. With each state creating their own distinctive rules and penalties, it’s difficult for startups to know how to stay compliant with these laws to avoid any costly fines.
However, there can be another hidden cost when it comes to this law that companies also need to be aware of. Current employees can now see the salary ranges of new hires, which can create pay discrepancy issues leading to employee departures. Not keeping up with the best practices for navigating these transparency laws can prove to be costly for businesses trying to scale in uncertain economic times.
On November 29th, a panel of experts discussed key facts and best practices regarding various state laws.
Speaker
Cooley attorney Eileen Leman served as a panelist in this discussion.
For more information, please email Caitlin Webster.
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