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Partner Ian Carleton Schaefer Discusses New York City Salary Transparency Law

Ian Carleton Schaefer, chair of Loeb & Loeb’s New York Employment & Labor practice, spoke to the Associated Press (AP) in both a broadcast interview and an article about New York City’s impending requirement for New York City employers to disclose salary ranges in job postings. The law, which was postponed for five months on April 28, was established in an effort to help give “job applicants — particularly women and people of color — a better shot at fair pay.”

“What we’re seeing a lot now is companies – before the enactment and the effective date of the law – taking very surgical approaches to doing pay equity audits,” Ian said in the AP broadcast interview. “[This includes] knowing where their growth areas are and making sure the house is in order today before they go to market in a more public way, so that they don’t face challenges and litigation either on an individual or a collective basis.”

Ian also spoke to Law360, telling the publication that now that New York City employers have until November 2022 to make their salary ranges public to comply to the new law, "companies would be well served to use this renewed time wisely and to conduct privileged, pay equity analyses."

"The clear pushback from business communities and employers may very well be underscored by the fact that many employers are unprepared and do not yet have their houses in order from a pay equity perspective before they are compelled to pull back the curtain," he said.

In addition, while many New York City employers face new challenges instigated by the salary transparency law, Ian told Crain’s New York Business that other employers likely view the law as a positive benefit.

“There will be opportunities for many employers, particularly those who are very well positioned and pay at the top of the market, to use this to their advantage,” he said.

Click here to watch the AP broadcast interview, and click here to read the AP article. Click here to read the Law360 article, and click here to read the Crain’s New York Business article (subscriptions required).

The AP article was repurposed in the following publications: