Salary Transparency Act

Key Points

• Employers would be required to list the expected pay or pay range for every job opening they post, whether the ad is for the general public or just for current employees. This ensures people know the salary before they spend time applying.
• If a job is not posted publicly, employers must still tell applicants the pay range before they start discussing money. Current employees would also get a report once a year showing the pay range for their specific position.
• The law would make it illegal for a company to punish or fire a worker for asking about pay ranges. This is meant to help workers negotiate fairly and ensure people doing the same work are paid similar amounts.
• Companies that fail to follow these rules could face fines starting at $5,000. Additionally, workers or job seekers who were treated unfairly could sue the company for up to $10,000 in damages plus their legal fees.