These Are the Salaries Warner, Amazon and Sony Offer For Audio Jobs
A new law reveals just how much podcasting and music companies are offering potential employees.
Hello, hello. Welcome back to Soundbite. This week we’re talking about New York City’s pay transparency law and Amazon Music’s changes to its Prime tier. As always, I’m at acarman5@bloomberg.net , and if you haven’t yet subscribed to this newsletter, please do so here!
A New York City law went into effect earlier this week requiring employers with four or more workers in the city to provide a “good faith” salary range for open positions. They have to follow a couple rules. They must include a salary minimum and maximum. The range cannot be open-ended. And the employers don't have to list bonuses or other incentives. Employers get a free pass on their first violation, so long as they remedy it within 30 days. But for subsequent failures, they might have to pay civil penalties of up to $250,000.