New York City’s new Pay Transparency Act went into effect on November 1st. That means any job seeker or interested person can find out how much the world’s top companies are offering their employees.
Under the law, companies hiring in New York City must publish “honest” salary ranges, including minimum and maximum wages, for all job listings, promotions, and transfer opportunities.
Fines of up to $250,000 per offense within 30 days of receiving notice to update job postings from the New York City Human Rights Commission enforcing the law if a company not listed is reported , reports CNBC Make It’s Jennifer Liu.
While some major companies began including salary ranges in their job listings before the Nov. 1 deadline, other employers were forced to do so by posting what many workers considered overly broad salaries. It seems to be a dead end, or testing the “good faith” part of the law. range.
For example, the difference between the minimum and maximum base salaries for a lead business planning position at Google is almost $100,000. In the job ad, Google said the salary ranges reflect “minimum and maximum salary targets for new hires in all locations in the United States,” and an individual’s salary will ultimately depend on location and It adds that it is determined by additional factors such as skill, experience and other factors. education.
Here’s a sample of what some of New York City’s top companies are offering to pay their new hires as of Friday morning.
Google began rolling out salary ranges along with all of its US-based job postings on November 1, a Google spokesperson confirmed to CNBC Make It.
Ann Ad privacy specialists at Google working in New York can expect a base salary of $135,000 to $209,000., In addition to bonuses and other benefits, earnings specialists can expect a base salary of $103,000 to $157,000.
a A senior product manager at Amazon working in New York can expect a base salary of $121,000 to $235,200.
Both job descriptions state that salaries are based on “many factors,” including location, and “may vary according to the knowledge, skills, and experience associated with the job.”
JP Morgan Chase
a Based in New York, JP Morgan Private Client Advisors have a base salary of $58,500, and Associates can expect $135,000 to $200,000 annually.
for Applying the AI analyst, the listed base salary is $90,000. “At Deloitte, it is not common for individuals to be recruited at or near the top of their role range, and compensation decisions will depend on the facts and circumstances of each case,” the job posting reads.
Medical team consultants can expect to earn $105,000.
Some New York-based job listings on Deloitte’s careers website include minimum and maximum salary ranges, while others include only one estimated salary figure. I have.
Beginning November 1, all new US job listings will include salary ranges, an IBM spokesperson confirmed to CNBC Make It. The tech giant is adding salary ranges to all active NYC-based job listings published before November 1st.
a Senior consultants in New York can expect to earn between $95,620 and $177,580, while legislative analysts in Ithaca or Colorado can expect to make between $63,000 and $97,000.
a A New York City-based data scientist makes between $114,000 and $211,000 a year, and a project engineer makes between $98,000 and $182,000.
twitter founded Salary hierarchy For all US-based roles, we determine salary ranges for each job based on the cost of living and working in the cities listed.
a Staff Machine Learning Engineer People working in New York earn between $212,000 and $297,000, while those based in New York Senior Workforce Analyst Income from $142,000 to $200,000.