More companies are starting to reveal what a position pays. Having that information may help you.
Here's how the new factor may come into play if you're looking for a job or aiming to get a raise this year.So far, about a dozen states and municipalities have mandated access to salary information, including California, Colorado, Washington and New York City. Companies in the jurisdictions are generally required to post salary ranges indicating the minimum and maximum pay.
"Knowledge is power. So, you know, if you have no idea that you can possibly earn more money, then you wouldn't even ask for it," Matuson said.Pay transparency won't eliminate salary negotiation, said Lexi Clarke, vice president of people at Payscale, a national provider of compensation data and services. Instead, Clarke said it will encourage discussions of current and future pay expectations.
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