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Companies post lower salaries as pay transparency laws take effect

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Many companies have begun to disclose pay ranges as state and local pay transparency laws came into effect a few years ago.

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However, some companies are now posting lower pay ranges as a result of the new laws. Some others are posting salaries even when it's not state-mandated.

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The past two years saw an increase in wages. Companies are leaving some positions unfilled as candidates expect more pay than the company can offer.

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Surveying over 2,000 recruiters, job posting service ZipRecruiter says nearly half (48%) have lowered pay scales for some roles in the past year.

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According to ZipRecruiter's chief economist Julia Pollak, during the pandemic, labor shortages resulted in many firms offering signing bonuses and high salaries.

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30%-40% of employers still aren't complying with the pay transparency laws which have been in place since 2021 in some states.

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Washington job applicants have filed 307 complaints with the Department of Labor and Industries against companies that didn't comply with the law in 2023.

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Gen Z employees and candidates joining the workforce are open about their pay grades and demand transparency from their employers as well.

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