Actionable insights straight to your inbox

Equities logo

New Laws and Tips to Boost Your Salary

Know what you want and what you are worth.
CommPRO.biz is provided by CommPRO Global, Inc. (CommPRO) to give visitors the opportunity to read about events and share opinions for those interested in the integrated communications business sectors.
CommPRO.biz is provided by CommPRO Global, Inc. (CommPRO) to give visitors the opportunity to read about events and share opinions for those interested in the integrated communications business sectors.

As of October 31, 2017, employers in NYC will no longer be allowed to inquire about your salary history when applying for a position.

The state of Massachusetts already has this law on their books and Philadelphia’s ban has been passed but has been temporarily halted pending a lawsuit.

What does this mean for job seekers in NYC?

  • An employer may not inquire about your salary history or rely on that history in determining the compensation during the hiring process, including the negotiation of a contract.
  • Employers are permitted to ask about an applicant’s compensation expectations.
  • If a job applicant chooses to disclose their salary history, the law will permit the employer/recruitment agency to consider and verify that information.
  • This law does not effect employees applying for an internal transfer/promotion or for any job seekers covered by the collective bargaining process.

Live in another state?

  • Know what you want and what you are worth. Use sites like PayScale’s Salary Survey to help determine what range a position pays.
  • If asked for an amount on an on-line site and it is required, your choice is to put in a number or don’t answer the job online. You can always look for a name within the company and send your resume in that way.
  • When a recruiter asks, they are usually trying to see if you ‘fit’ the position. Titles can be all over the place and not a true indicator of salary. If you are not comfortable giving your salary, give the recruiter the range you will accept.

It’s a brave new world out there!

Marie Raperto, The Hiring Hub

The Fed model compares the return profile of stocks and US government bonds.