The mandate will go into effect in April and will apply to employers with more than four employees but excludes temporary hiring firms.
“Our new law shines a light on pay inequity,” Helen Rosenthal, a former City Council member and sponsor of the bill, told CNN in a statement. “Including pay ranges in job postings allows job seekers to determine whether they will be able to support themselves and their family when they apply for a job.”
Not posting the minimum and maximum salaries will be considered an “unlawful discriminatory practice” under the city’s human rights law and may result in a fine of up to $125,000.
Beverly Neufeld, president of PowHer New York — a nonprofit organization focused on economic equality for women that worked with Rosenthal on the legislation — called it a “concrete step in eliminating the causes of wage inequality.”
“This transformative law will minimize bias, maximize transparency, shift cultural norms and level the “paying” field,” she said in a statement.
The salary-range legislation passed last month in the city council with a 41 to 7 vote. Mayor Eric Adams had until Friday midnight to veto the bill to prevent it from becoming law.
Republican council member Joe Borelli, the minority leader, voted against the bill and called it “an unnecessary interference” in a contract negotiation.