Want to know how much your colleagues make? California might crack open companies' books

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A California lawmaker’s proposal would publicize the pay scales at thousands of companies and temp agencies nationwide, requiring large businesses to report breakdowns by gender, race and ethnicity

“Hiding the data doesn't get us anywhere,” said state Sen. Monique Limón, a Santa Barbara Democrat who introduced the bill, in an interview. | Rich Pedroncelli/AP PhotoLOS ANGELES — California could be on the verge of cracking open a closely guarded secret: how much your co-workers make.

“It’s very simple: You can’t solve a problem where you can’t see the data,” state Sen. Monique Limón, a Santa Barbara Democrat who introduced the bill, said in an interview. “Hiding the data doesn’t get us anywhere.” The scale of that imbalance is staggering: Data collected by a state agency under California’s 2020 pay-disclosure lawthan men in comparable positions during 2020, while people of color were paid $61 billion less than white workers for similar jobs.

Such policies force organizations to address salary disparities, said Laura Kray, director of UC Berkeley’s Center for Equity, Gender, and Leadership, who pointed to gender-pay reporting requirements in the United Kingdom and Denmark.

 

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How many companies will just abandon CA?

I'd like to know how pay scales work makes as a prospective employee (who hasn't been that)-that's just 100 percent logical. And if you see any job listing that doesn't provide a salary, walk away.

I’m 100% for this. This is how you stop pay inequity. I’ve worked at state universities where all salary is public. No issues and no nonsense.

This is one of those things that can have unintended consequences. There are legitimately differences and some of it us subjective. But if you go to everyone gets the same you get mediocrity

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Beijing plans strategy to avoid US market delistings: reportChinese companies need to comply with a law passed in 2020 that requires companies to open their audit files or face being delisted from U.S. markets. Why wait untill 2024 to delist them? What will they do without Hinman and Clayton at the SEC, who’s palm with they need to grease now? Who was the primary driver for exempting Chinese companies from US exchange listing rules? -- Sen Joe Biden.
Источник: FoxNews - 🏆 9. / 87 Прочитайте больше »