New York City Pay Law Escalates Raise Frenzy
Companies with four or more workers must add salary ranges to job postings as of Nov. 1, spurring a harder look at compensation.
People walk by a Help Wanted sign in the Queens borough of New York City.
Photographer: Spencer Platt/Getty Images North AmericaThis article is for subscribers only.
Most New York City businesses on Tuesday will be required by law to add salary ranges to job ads, escalating a frenzy among employees and job seekers asking for pay increases in line with new postings.
Nearly a third of companies are considering or planning to increase the frequency of pay bumps, according to a survey of 884 companies in North America conducted in May and June by consultancy Willis Towers Watson.