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3 Reasons Why Companies Keep Salary Information Hidden
Yes, salary information should be included in job postings. Both candidates and recruiters agree, so… why isn’t it happening?
The short answer is, “Unfortunately, it’s not the Recruiter’s decision.” The longer answer is, well… A LOT.
As you’ve probably seen already, NYC Employers will be required to post salary ranges in job postings starting in November 2022. It was supposed to kick off back in May but, well… companies didn’t agree!
Openly sharing salary information is fantastic, and I could not be more excited about it. This decision will push more equitably, inclusive, and fair hiring practices, and I’m 100% that other States will follow suit shortly. (More great news!)
Candidates, Recruiters, and ED&I Practitioners have been advocating for pay transparency for years, so… why is it taking this long? Why all the push-back? Let’s take a few minutes to go over a very quick summary of why companies have been struggling with openly sharing their salary bands:
Pay Parity
Unfortunately, many companies and leaders still don’t believe in pay parity (meaning equal pay for equal work). Yes, even in 2022.
