The law specifically states businesses hiring in New York City must post a "good faith salary range" for every job, promotion or transfer opportunity.Ī "good faith" range is one the employer "honestly believes at the time they are listing the job advertisement that they are willing to pay the successful applicant(s)," says the New York City Commission on Human Rights, which enforces the law.īusinesses may need to offer a wide range if they're open to people of varying levels of experience and to be competitive in a tight hiring market, says Domenique Camacho Moran, a New York-based attorney with Farrell Fritz.Ī common strategy for business is to find a target budget for an open role and give a range 20% below and above that point, adds Tony Guadagni, senior principal of research at consulting firm Gartner.īut a $100,000-plus range could be an error or a display that "what an organization is willing to pay for a job could be quite variable," Guadagni says. Employers test what it means to list a 'good faith' range The posting gaffe highlights the numerous ways companies can still find ways around complying with the new salary transparency law, whether intended or not.
A Citi respresentative tells CNBC Make It the company "is proactively reviewing all job postings to ensure the correct salary range is listed" and has "temporarily unposted select job postings and will repost when the salary range is confirmed." Still, a revised entry for a post for a client services officer listed the salary range between $61,710 and $155,290 as of Wednesday, before it was taken down. In one case, Citigroup listed several jobs with a range of $0 to $2 million, Gothamist reports.Ī Citigroup representative told Gothamist it has since updated its ranges, and that the shockingly wide range was an error caused by a computer glitch. But as numbers started rolling out this week, New Yorkers began calling out some companies for posting extremely broad ranges: $50,000 to $145,000 for a reporter opening, $125,800 to $211,300 for a senior technical writer, $106,000 to $241,000 for a general counsel position.
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