While many legislative sessions have ended for the year, as fall gears up, we will likely see several states enter special sessions where more pay transparency laws may be passed. In August, we did not see any traction in state legislatures on any pending pay transparency legislation.
Illinois
On August 11, 2023, Governor J.B. Pritzker signed Illinois’s pay transparency bill into law. Beginning January 1, 2025, employers with 15 or more employees and at least one in Illinois will have to start including salary ranges in their job postings if:
- The job will be physically performed, at least in part, in Illinois; or
- The job will be performed outside Illinois, but the employee will report to a supervisor, office, or other worksite in Illinois
Need more information on the specific requirements? We broke it down for you here.
In case you missed it:
- On August 11, 2023, New Zealand proposed a new law that, if passed, would require around 900 companies with more than 250 employees to report their gender pay gaps. The New Zealand government will consult the public on the proposed legislation. New Zealand will have parliamentary elections in October, so we will track whether this gender pay gap reporting will gain traction with a new government.
Payscale’s pay transparency solution
At Payscale, we believe in helping our customers approach pay transparency with confidence. We do this by:
- Understanding their competitive landscape and determining a strong data strategy
- Evaluating current employee pay against the market to ensure competitive and fair compensation across the organization
- Implementing standardized and scalable practices with job architectures and salary ranges
- Providing an added layer of confidence to pay transparency practices by offering technology and resources focused on pay equity analysis, job description management, compensation planning, and effective communications about pay
Learn more about how Payscale can help your organization achieve pay transparency.
Want to learn more from our experts?
Payscale hosts an ongoing pay transparency legislation webinar series to help organizations stay up to date.
In our most recent episode, Episode 8: The Importance of Meaningful Pay Communication, we dove into best practices for internal pay communications and education to accompany external pay communications.
Access the most recent episode on demand here.
Stay up to date with the latest pay transparency legislation on our pay legislation tracking page here, which includes a library of the full pay transparency webinar series.
