From Yahoo Finance: 2025-04-05 12:15:00

Employers are cutting back on pay raises and remote work, but pay transparency laws are on the rise, offering a glimmer of hope for workers. Organizations are reducing salary offers due to economic uncertainty, with average raises dropping to 3.5% this year. Some top performers are leaving in response to return-to-office mandates.

Companies that offer competitive compensation and flexible work arrangements are more likely to attract and retain top talent. New laws in several states require employers to disclose pay information, helping job seekers make informed decisions. Pay transparency aims to reduce gender and racial pay gaps, but the impact is still unclear due to wide salary ranges.

Nearly one-third of US workers will be covered by pay transparency laws this year, regardless of employer compliance. Providing pay ranges in job postings can benefit both job seekers and current employees in negotiations. Understanding potential earnings helps individuals plan for expenses and financial goals, particularly for new entrants to the workforce.



Read more at Yahoo Finance: Pay transparency laws land in more states as raises slump