A new law that went into effect this week requires most California employers to disclose salaries on job listings.
leading teams building network infrastructureNotably, these salary listings do not include any bonuses or equity grants, which many tech companies use to attract and retain employees.
The law could also penalize ambitious workers who are gunning for more money because of their experience or skills, the California Chamber of Commerce said last year when opposing the bill. Some employers might be wary of posting pay to prevent bidding wars for top talent. Employers are required to maintain detailed records of each job title and its wage history, and California's Labor Commissioner can inspect those records. California can enforce the law through fines and can investigate violations. The reports won't be published publicly under the new law.
Pay transparency laws could cause competition among companies that need to compete for the best talent. Some companies could even choose to post salary ranges on job listings where it's not required. Musa said that stock from big tech companies is basically liquid because it can be immediately sold on the stock market.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Massive 'atmospheric river' to bring heavy rains, winds, flooding across California,After a brief lull in precipitation Tuesday, forecasters are warning of another “atmospheric river” expected to bring heavy rains and winds beginning Wednesday across an already-saturated California.
Read more »
Black teen drivers in California searched at nearly 6 times rate of white teens: reportThe annual report released by California’s Racial and Identity Profiling Advisory Board reveals data on racial profiling in California traffic stops.
Read more »
California Workers Can Now Take Leave To Care For Chosen FamilyA California law that took effect Jan. 1 expands the type of people that workers can use family leave to care for when needed.
Read more »
More rain expected for Southern CaliforniaRain is set to move into the area Tuesday morning, according to Southland forecasters, a day after the skies cleared for the annual Rose Parade and Rose Bowl game in Pasadena.
Read more »
Wildest weather videos from California's series of stormsThe weather has been wet and treacherous in California since after Christmas. We've compiled some of the wildest videos to reflect the storms.
Read more »