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JPMorgan, Macy’s and Other Companies Reveal What They Pay Workers as Deadline Looms

Ian Carleton Schaefer, chair of Loeb & Loeb’s New York Employment & Labor practice, is quoted in The Wall Street Journal discussing New York City’s salary transparency law, which is set to take effect on November 1, 2022. The measure requires companies that are hiring in New York or advertising for remote roles that could be performed in the city to include salary ranges on job listings.

According to the article, some companies have taken the steps to analyze existing pay bands or prepare managers for discussing pay matters, while others are planning to sidestep the new requirements. “We’re very much at the two-minute warning of this law going into effect, and many employers are still scrambling,” Ian told the publication. He went on to add that some companies are considering removing job listings on their careers site and encouraging people to submit résumés via a general email address.

Click here to read the full article on The Wall Street Journal (subscription required).