New York City Employers Test New Pay Law

The video discusses the challenges and implications of wide salary ranges and the exclusion of bonuses in compensation packages. It explores legislative efforts to improve pay transparency and how these changes impact equality, particularly for women and people of color. The video also examines different state approaches to pay transparency laws and the challenges HR departments face in adapting to these changes. Overall, the discussion highlights the potential for higher wages and the shift in negotiation power towards employees.

Why are wide salary ranges considered unhelpful for job seekers?

• They are only used in New York City.

• They make it difficult to negotiate effectively.

• They provide too much information.

• They include bonuses.

What is a major reason bonuses are not included in salary ranges?

• They are easy to calculate.

• They are always included in Colorado.

• They are considered the secret sauce for higher-paying jobs.

• They are not important in any industry.

How does salary range transparency help women and people of color?

• It provides a starting point for salary discussions.

• It allows them to avoid negotiations.

• It eliminates the need for interviews.

• It guarantees them the highest salary.

What is the impact of salary transparency on negotiation power?

• It shifts power to the employer.

• It shifts power to the employee.

• It has no impact on negotiation power.

• It makes negotiations unnecessary.

Which state requires employers to proactively report salary ranges?

• Cincinnati

• Connecticut

• New York

• California

What is a common fear among HR professionals regarding salary transparency?

• It will lead to lower wages.

• It will eliminate the need for HR departments.

• It will make salary information private again.

• It will create higher wages in the short term.

Which state allows employees to ask for the pay range of their job even if it's not posted?

• Colorado

• Connecticut

• California

• New York