Pay transparency, after a bumpy journey, has arrived — kind of — in New York City.
This past Tuesday was the Big Apple’s first foray into pay transparency on job postings, Bloomberg reports. New York City’s new policy requires companies with four or more employees to list “good faith” ranges for jobs in the city, and employers were off to a rocky start. Some big companies were still scrambling to update job postings with required salary ranges, while other employers had listed no salary ranges at all by lunchtime.
Even though the new pay transparency law had originally been scheduled to go into effect in May 2022, many employers didn’t seem to be ready by the first day of November. But as organizations do figure it out, pay transparency is likely to spread far beyond the five boroughs.
Find out more about why employees care about pay equity in Josh Bersin’s blog near the top of our list below of must-read articles for talent professionals. When employees don’t feel fairly compensated or lack workplace mobility, according to Quartz, they’re also more likely to quit.
Near the bottom of our list, check out Fast Company to see how job seekers can turn interviews into networking opportunities. And Harvard Business Review has an article that explains how employees, once they do land a job, can do themselves a favor by letting go of their old work identities.
Here are the must-read articles from this week:
- With Pay Ranges of $2 Million, NYC Transparency Law is Off to a Glitchy Start (Bloomberg)
- Job Openings Rose in September Despite Higher Interest Rates (The New York Times)
- The Growing Role of Pay in Employee Experience and Business Performance (Josh Bersin)
- Lack of Internal Mobility #2 Reason Employees Quit — What Companies Can Do (Quartz)
- Stripe Lays Off 14% of Workers (CNBC)
- Actually, Quitting Can Be a Very Good Choice (The Cut)
- How LinkedIn Inspires Employees to Own Their Career Journeys (LinkedIn Talent Blog)
- Bosses Swear by the 90-Day Rule to Keep Workers Long Term (The Wall Street Journal)
- How Job Interviews Provide a Perfect Opportunity for Networking (Fast Company)
- When Changing Jobs Changes Your Identity (Harvard Business Review)
This week’s must-listen podcast:
The Unintended Consequences of Working from Home (Freakonomics)
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Topics: Weekly digest
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