December 21, 2022

New York State Salary Transparency Bill Signed by Governor Hochul

On Wednesday, December 21, 2022, Governor Kathy Hochul signed the Salary Transparency Act (Legislation S.9427-A/A. 10477) implementing pay transparency across New York State. Effective September 17, 2023, the law requires employers with four or more employees to disclose salary ranges for all advertised jobs, promotions and transfer opportunities for positions that, at least in part, “can or will be performed” in New York State. The Act also requires that employers keep and maintain all necessary records to comply with the requirements, including the history of compensation ranges for each position and any job descriptions if applicable. Any person who claims to be aggrieved by employer noncompliance may file a complaint with the labor commissioner.

The act parallels New York City’s Salary Transparency Law that went into effect in November 2022. These new laws are the latest in a national trend of wage transparency aimed at combating racial and gender-based wealth gaps. Salary transparency laws seek to both encourage employers to adopt better pay practices and empower workers with necessary information to ensure they are receiving proper and fair compensation.

 

 

 

 

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Cryptocurrency as Wages? NYC Mayor Eric Adams Buys In, But It’s Not That Simple.

February 28, 2022
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When New York City Mayor, Eric Adams, announced he was taking his first three paychecks in the form of Bitcoin, it might have been a publicity stunt, and one that backfired as Bitcoin prices took a nosedive, but it has highlighted a new means of employee compensation that is potentially on the horizon.

Bill to Ban Forced Arbitration in Sexual Misconduct Cases Passes the Senate

February 14, 2022
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Arbitration clauses are often buried deep in employment contracts, and many employees don’t know what they’re agreeing too or don’t fully understand what arbitration means. These clauses force employees with claims against their employer to bring them to arbitration—a private process which is often fully funded by the employer itself.

Workers Still Lack Security Despite Tight Labor Markets

February 9, 2022
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The labor market is exceptionally tight, a scenario which has converged over the last six months with what economists are calling the Great Resignation, with a record number of workers quitting in November. In the popular media, the narrative emerging from this phenomenon is one in which workers are in possession of more power than they have been for quite a while, which has resulted in an increase in wages, especially for the working class. The power, however, ultimately remains in the hands of bosses, and many workers’ experiences do not neatly coincide with the narrative.

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