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New York City delays start of law requiring salaries in job advertisements

29 Tháng Tư 2022
New York City delays start of law requiring salaries in job advertisements © Reuters. FILE PHOTO: A "Now Hiring" sign is posted on a Verizon store in Manhattan in New York City, U.S., May 10, 2016. REUTERS/Brendan McDermid/File Photo

By Jonathan Allen

NEW YORK (Reuters) - The New York City Council voted on Thursday to delay its new pay transparency law by six months to Nov. 1, when employers will be required to include salary ranges in job advertisements.

The law, passed in January, is intended to close wage gaps in which women and non-white employees are paid less than white men. Some businesses had argued the city needed more time to advise more than 200,000 businesses affected by the law about compliance and to address unintended consequences.

"Salary transparency is incredibly critical in ensuring that we are closing the wage gap," Council Member Nantasha Williams said in a statement about amendments to the law including the delay.

In 2019, the most recent year for which data is available, the median earnings in New York State for men working full-time was $60,813, nearly $9,000 more than the median earnings for women of $51,922. A 2021 study of New York City municipal employees found that the median white employee's salary was $27,800 higher than a Black employee's salary and $22,200 higher than a Latino employee's salary.

The city's five chambers of commerce said local businesses supported the goals of the law but called for more time before enforcement began.

Some business leaders said in an open letter the law may make it harder for small businesses owned by women and members of minority groups to attract talented candidates if wealthier employers could outbid them after seeing their salary offer.

"As a woman, yeah, I want to be paid the same as a man," Lisa Sorin, president of the Bronx Chamber of Commerce, said in an interview. "But will you limit the (pool of) potential candidates if I can't pay as much as somebody else?"

The law is similar to state transparency laws in California and Colorado.

New York City's amended law applies to employers with four or more employees and to both hourly wage earners and workers on annual salaries, so long as the job is performed at least partly in the city. The council rejected business leaders' efforts to exclude many smaller employers.

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21-05-2022 19:48:16 (UTC+7)

EUR/USD

1.0562

-0.0024 (-0.23%)

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↑ Buy

Moving Avg:

Buy (12)

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Indicators:

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EUR/USD

1.0562

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GBP/USD

1.2489

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USD/JPY

127.86

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Neutral

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AUD/USD

0.7039

-0.0008 (-0.11%)

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Sell

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USD/CAD

1.2839

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EUR/JPY

135.05

-0.24 (-0.18%)

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EUR/CHF

1.0296

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US Coffee C Futures

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Euro Stoxx 50

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S&P 500

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13,981.91

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20,717.24

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US Small Cap 2000

1,768.35

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IBEX 35

8,484.50

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Bayer AG NA

63.74

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Adidas AG

172.80

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Deutsche Lufthansa AG

6.852

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Siemens AG Class N

115.08

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Deutsche Bank AG

9.362

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 EUR/USD1.0562↑ Buy
 GBP/USD1.2489Neutral
 USD/JPY127.86Neutral
 AUD/USD0.7039Sell
 USD/CAD1.2839↑ Buy
 EUR/JPY135.05Neutral
 EUR/CHF1.0296↑ Buy
 Gold1,845.10↑ Buy
 Silver21.765↑ Sell
 Copper4.3042↑ Buy
 Crude Oil WTI110.35↑ Sell
 Brent Oil112.91↑ Sell
 Natural Gas8.058↑ Sell
 US Coffee C216.48↑ Buy
 Euro Stoxx 503,657.03↑ Buy
 S&P 5003,901.36↑ Buy
 DAX13,981.91Buy
 FTSE 1007,389.98Neutral
 Hang Seng20,717.24↑ Sell
 Small Cap 20001,768.35↑ Buy
 IBEX 358,484.50Neutral
 BASF48.850Buy
 Bayer63.74Buy
 Allianz195.58Buy
 Adidas172.80Buy
 Lufthansa6.852↑ Sell
 Siemens AG115.08Neutral
 Deutsche Bank AG9.362Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,875/ 6,975
(0/ 0) # 1,795
SJC HCM6,895/ 6,985
(5/ 5) # 1,800
SJC Hanoi6,895/ 6,987
(5/ 5) # 1,802
SJC Danang6,895/ 6,987
(5/ 5) # 1,802
SJC Nhatrang6,895/ 6,987
(5/ 5) # 1,802
SJC Cantho6,895/ 6,987
(5/ 5) # 1,802
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