A New York law requiring employers to disclose job salary ranges went into effect this week and is driving even companies that are recruiting outside the state to include salary information in job descriptions as standard practice.
Even when it’s not required, indicating a job’s wage or salary range reduces pay discrepancies and benefits employers by attracting candidates that are more qualified for particular openings.
“Employers say that when they post good faith salary ranges, they get better candidates, because job applicants are better suited to the role,” Seher Khawaja, senior attorney at Legal Momentum, an advocacy organization for women which helped draft the legislation, told CBS MoneyWatch.
She added that transparency saves both parties time because candidates don’t go through numerous rounds of interviews only to find the salary on offer is unacceptable.