and it's time for today explain where we break
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More states have joined in the pay transparency movement.
Our very own Duarte Geraldine Oh, has the scoop.
They had a new laws in California and Washington State went into effect on Sunday.
They require employers to post salary ranges on job listings.
Now this is really significant because California is a major hub
for some of the most influential companies in the world.
It's also home to about 19 million workers.
So smaller states are expected to follow its lead,
New York and Colorado already do this.
Similar legislation is currently pending in Massachusetts and South Carolina.
And according to calculations by pay scale,
by the end of 2023,
roughly one in four workers will be covered by some type of salary law transparency.
Now there are a lot of benefits to pay transparency. Some studies have shown
it could help close the gap that exists across gender, race and sexual identities.
Those same studies suggest companies benefit to laws like this, build trust,
they increase employee retention and attract
top talent and increased job performance.
Now,
I'm not suggesting this is some syrupy sweet solution.
There is a downside if an organization has pay equity problem salary
transparency is going to shine a light on every ugly detail and
imagine if you found out your coworker who has been doing the
exact same job as you is earning much more money than you.
As hard as this is, experts will tell you if that you know,
if we are to live in a world where pay equity is valued along with transparency,
This is what has to happen.
Alright, That's such a good story. Duarte Geraldine. Oh, thank you so much.