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US Politics

Pay transparency laws land in more states as raises slump

Yahoo Finance
Summary
Nutrition label

82% Informative

A new study from Payscale suggests lower expectations are in order for workers seeking raises and remote work.

The number of organizations planning to give base pay bumps this year has dipped.

Nearly 1 in 3 workers in the US will be covered by a state or local law that requires businesses to be transparent about their pay ranges.

60% of US job postings on Indeed contained at least some salary information, more than triple the number five years ago .

Pay ranges that are narrower are more informative than wider ranges like $45,000 to $ 65,000 , a management professor says.

For those entering the workforce this year , having a clearer idea of what a job is likely to pay is valuable information in the job search.

VR Score

88

Informative language

90

Neutral language

67

Article tone

semi-formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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