It's been just over two weeks since New York City’s landmark Pay Transparency Law kicked in and most companies are already in compliance, according to an analysis from Glassdoor.
Despite that, Glassdoor’s new report offers some early insights on the impact the law is already having within New York City and in the surrounding region.By mid-November, about 60% of job openings on the site in New York City included salary ranges, according to Glassdoor’s analysis. A month and a half earlier, just 30% percent of New York City job openings did.
When broken down by borough, Zhao found Staten Island led the pack, with 70 percent of open listings offering salary ranges, followed by Queens, Brooklyn and the Bronx. Manhattan postings trailed the other boroughs with just 52% of job listings offering salary ranges, though Zhao suspected some national companies may list a Manhattan hiring location for jobs that aren’t necessarily based in New York.Compliance with the new law isn’t even across industries, Zhao found.
“Tech was actually interesting to me because I feel like the culture in tech, it does lean more towards transparency… But they do also appear at the bottom of this list,” he said.Median salary ranges span $20,000 But the Glassdoor analysis found salary range above $100,000 is relatively rare, occurring in less than 3% of job openings. The median job posting range was $20,000, the report found, with wider ranges for higher levels of compensation.
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