In this episode of The Proskauer Brief, partners Evandro Gigante, Allan Bloom and special employment law counsel Laura Fant discuss the New York City Council's recently proposed amendments to the city's pay transparency law. Presently, an employer is only required to include the "base annual or hourly wage or rate of pay" and not other forms of compensation or benefits offered. The proposed amendment would expand these obligations to: (1) require that jobs, promotions and transfer opportunities include "a description of the job, promotion or transfer opportunity and the non-salary or non-wage compensation for such position" in the posting; and (2) that employers disclose to current employees – on an annual basis as well as upon an employee's request – the "range of compensation" for that employee's job title, including bonuses, benefits, stocks, bonds, options and equity or ownership.
Allan Bloom: Hello and welcome to The Proskauer Brief: Hot Topics on Labor and Employment Law. My name is Allan Bloom and I'm a partner in Proskauer's New York office. I'm here today with my colleagues Evandro Gigante and Laura Fant to talk about the New York City Council's recently proposed amendments to the city's pay transparency law, also known in some circles as the salary range disclosure law. Laura, can you share some of the background here on the law that the City Council is proposing to amend?
Laura Fant: Absolutely. Thank you, Allan. So, as many of our...
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