New Jersey Pay Transparency Law Is the Stroke of a Pen (and Seven Months) Away From Becoming Law
On September 26, 2024, the New Jersey Legislature passed Senate Bill 2310 (S2310), which will require transparency about compensation and benefits in internal and external postings of promotion opportunities, job listings, and transfer opportunities. If, as expected, Governor Phil Murphy signs the bill into law, the act will become effective seven months after his approval. Quick Hits It is anticipated that Governor Phil Murphy will soon sign into law legislation requiring certain employers to disclose compensation and benefits in job postings and provide notice of promotion opportunities. Noncompliance with the act may result in civil penalties of $300 for a first violation and $600 for subsequent violations. S2310 will “take effect on the first day of the seventh month next following the date of enactment.” Covered Employers S2310 applies only to those employers that have “10 or more employees over 20 calendar weeks” and “do[] business, employ[] persons, or take[] applications f...