The first pay transparency law was passed in Colorado in 2019. Now, just four years later, seven other states have joined them in passing similar laws, and an additional 11 states are considering pay transparency measures. In light of these developments, now is as good a time as any to get out in front of the issue in discussions with employer clients if you haven’t already done so.
The number of job postings with salary information more than doubled between February 2020 and February 2023, according to Indeed, soaring to 43.7% from 18.7%. Clearly, this movement is rapidly gaining momentum — and as the labor market remains tight and job seekers have more negotiating power than in years past, it is becoming more essential by the day.
