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Two years after a Colorado law began requiring job postings to say how much a job paid, the state has the highest wage transparency rate in the nation.
Of course, that’s not a big surprise. Colorado was the first to pass a law. Its Equal Pay for Equal Work Act passed in 2019. Several states followed. And so have interest by companies hunting for wage transparency trends, or building businesses around it.
Aspen Tech Labs, an advertising-tech agency in Aspen focused on recruitment, is one of them. They developed a salary parsing tool to extract wage information from job postings. It started tracking salaries last year as part of its overall business, which is to “monitor over 6 million jobs just in the U.S. from over 120,000 different sources,” sales manager Gabby Schulte said.
Tracking salary data helps the company respond to customers who want to get a better sense of what competitors pay. It also gives them insight into whether...
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