NYC Introduces Amendment to Salary Disclosure Law

As New York City employers are aware, employers are required to include the minimum and maximum salary or hourly wage in any advertisement for a job, promotion, or transfer opportunity. Guidance previously issued by the NYC Commission on Human Rights stated that other forms of compensation or benefits, such as insurance benefits and bonuses, did not need to be disclosed in job advertisements. However, last week the NYC Council introduced an amendment to the law that would require the disclosure of additional compensation and benefits in job advertisements.

Specifically, if the amendment is passed, employers will also have to include in all covered job advertisements “the non-salary or non-wage compensation” for the position, which includes “bonuses, benefits, stocks, bonds, options and equity or ownership.” The amendment would also require that a description of the job be included in the advertisement.

The amended law would also require employers to disclose to current employees, annually and upon request, the range of compensation, including bonuses, benefits, stocks, bonds, options, and equity or ownership, for such employee’s job title.

The amendment is currently in committee, and if enacted would take effect 180 days after becoming law.  

We will continue to monitor this pending legislation for developments. If you have any questions about compliance with state and local salary transparency laws, please contact Amanda M. Baker at abaker@fglawllc.com, or any attorney at the firm.

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