The Good and the Bad of Pay Transparency Regulations

On this episode of Paychex THRIVE, Gene Marks is talking with Frank Kerbein, Director of the Center for Human Resources at the Business Council of New York State, about the pros and cons of pay transparency regulations that are happening in states such as New York and California. Hear what he had to say about what salary transparency means, the impact these regulations have on job seekers, pay transparency at a national level, employer audits, and more.

Topics Include:

00:50 – Introduction to Frank Kerbein
02:22 – The Business Council of New York State
03:09 – What is going on with pay transparency?
04:47 – What exactly is pay transparency?
05:36 – Why pay transparency regulations are needed
07:49 – Impact on New York job seekers
09:32 – Pay transparency laws at a national level
11:19 – Wage compression for current employees
13:48 – Compensation beyond salary
15:50 – Employer audits
17:06 – Pay transparency regulation issues
18:59 – Where the New York State bill stands
20:24 – Wrap up