Credit: pathdoc/Adobe Stock

Lawmakers across the nation are adopting a crop of wage transparency laws, imposing new obligations on employers in an effort to stamp out inequities in compensation. But it remains to be seen whether more information about other people’s earnings will make pay more equitable, or reduce the number of salary-discrimination lawsuits.

State and local governments have been adopting increasingly far-reaching measures in the name of making compensation more equitable. And while those measures are far from universal, large corporations doing business in all 50 states are turning the laws passed in states such as New York and California into a default national standard, some observers said. States with wage transparency laws include California, Colorado, Connecticut, Maryland, Nevada, Rhode Island and Washington.

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.