In a move toward wage transparency, Illinois has amended its Equal Pay Act to require larger employers to disclose pay and benefits in job listings. The National Law Review highlights that Illinois businesses employing 15 or more must provide this disclosure for each relevant job posting starting January 1, 2025.
The mandate applies to roles that are at least partially based in Illinois or those where the employee answers to a supervisor located within the state. According to the bill, "Pay and benefits" encapsulates not only the salary range but also a broad overview of perks such as bonuses, stock options and other incentives.
For businesses that utilize third-party recruitment services, it's critical to provide this salary data, so it can be included or linked in the job advertisement. Even if a company is not directly posting a job, they must proactively share pay details with prospective candidates before any compensation-related discussions or upon request.
According to The National Law Review, the Illinois Department of Labor has the authority to penalize companies failing to abide by these new rules. Penalties vary depending on the number of offenses the company has and whether the posting is active or inactive. For instance, a first offense on an active posting has a 14-day cure period with a potential $500 fine if unaddressed.
NBC Chicago reports that supporters of the bill argue that this move is pivotal for diminishing wage disparities based on gender and race. In a digital age where job applicants increasingly expect transparent pay information, the amendment aligns with the modern ethos of job hunting.
Sarah Labadie, from Women Employed, emphasized to NBC Chicago that salary disclosures can help level the negotiating field, particularly benefiting women and women of color. Additionally, a survey by Joblist found a significant 55% of job seekers and a whopping 64% of Gen Z applicants would bypass job listings lacking wage details.
The author generated this text in part with GPT-3, OpenAI’s large-scale language-generation model. Upon generating draft language, the author reviewed, edited, and revised the language to their own liking and takes ultimate responsibility for the content of this publication.
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