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In September 2022, new pay transparency legislation was passed in California, known as SB1162. It becomes effective Jan. 1, 2023. This new bill sets a precedent for greater pay transparency in California and beyond. The Californian Equal Pay Act already requires firms to provide equal payments for similar roles, permitting the open disclosure of salaries to […]
Written by Rosie Greaves, LaborIQ Staff Writer on December 22, 2022
It doesn’t matter whether you’re running an international enterprise or a small business; compensation planning is integral. Compensation planning is a process companies undertake to review their current and future compensation plans. It’s an excellent opportunity to correct any pay disparities and ensure you’re offering competitive salaries in your industry and/or market. But before diving […]
Written by Rosie Greaves, LaborIQ Staff Writer on December 21, 2022
The new year will bring many changes to the way companies disclose their pay ranges. A prominent driver of this is, no doubt, incoming pay transparency legislation. Soon, several U.S. states will enact pay parity laws that force organizations that previously withheld compensation structure information to reveal it. While some see this as an inadvertent […]
Written by Rosie Greaves, LaborIQ Staff Writer on December 13, 2022
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Written by Mallory Vachon, PhD on December 7, 2022
The economy added a solid 263,000 jobs in November, above economists’ expectations of around 200,000. The labor market continues to add jobs at a very robust pace. And, despite expectations of a slowdown and overall uncertainty in the broader economy, it looks like we’ll be waiting until 2023 for signs that the labor market is […]
Written by Mallory Vachon, PhD on December 2, 2022
