By Zoe Han
Pay-transparency laws can provide insight for job seekers, but listed pay ranges for some jobs are getting wider
Salary ranges are getting wider for certain jobs -- particularly those in technology hubs and in states with pay-transparency laws.
Job listings in the fields of pharmacy, medical information, scientific research and development, industrial engineering, and software engineering are showing increasingly large pay ranges, according to a new study by Indeed Hiring Lab.
While 45% of U.S. job postings in April included some salary information, up from fewer than 20% before the pandemic, only one in five of those postings mentioned a precise pay level, the report found.
The median percentage difference between the top and bottom salary given in a job posting for a pharmacy role increased to 31.2% in April 2023 from 20% in April 2022. For software-development roles, it rose to 35.3% from 28.6%.
The average base salary for a pharmacist in New York City is $140,230 a year, and for a software engineer it's $141,875, according to Indeed data.
"A majority of employers that offer some level of pay transparency in their job postings do so by publishing a proposed salary/wage range -- ranges that vary widely by occupation, seniority, and geography, among other factors," the report found, adding that "job seekers looking for lower-wage and/or in-person jobs are getting more accurate information in job postings than they were a year ago."
Pay information is extracted...
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