Many companies have begun to disclose pay ranges as state and local pay transparency laws came into effect a few years ago.
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.
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.
Surveying over 2,000 recruiters, job posting service ZipRecruiter says nearly half (48%) have lowered pay scales for some roles in the past year.
According to ZipRecruiter's chief economist Julia Pollak, during the pandemic, labor shortages resulted in many firms offering signing bonuses and high salaries.
30%-40% of employers still aren't complying with the pay transparency laws which have been in place since 2021 in some states.
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.
Gen Z employees and candidates joining the workforce are open about their pay grades and demand transparency from their employers as well.