‘Tis the season for holiday slowdowns — and state legislatures are no exception. While pay transparency updates have been quiet on the nights before Christmas, here are a few compensation-related stocking stuffers for you.
New Jersey
As mentioned in last month’s legislative lowdown, the New Jersey Legislature unanimously passed S2310 in September. As anticipated, on November 18, 2024, Governor Phil Murphy signed this bill into law. New Jersey’s pay transparency law will take effect on June 1, 2025.
To read more about the requirements, check out the September-October 2024 legislative lowdown.
DOL exemption salary threshold
Missed the memo? On November 15, 2024, a Federal District Court in Texas struck down the Department of Labor’s ruling that would have raised the salary threshold for exempt employees. Here’s what that means for employers.
U.S. presidential elections
It may seem like ages ago, but the U.S. recently held a presidential election. Many of our customers are curious about how the election results could affect employment-related legislation. To help, we’ve outlined our predictions for the next four years in the U.S. in this November 20, 2024 blog post.
Getting ready for 2025
Are you making your 2025 lists (and checking them twice)? Here is a list of states that will enact pay transparency legislation in 2025:
🍕 Illinois ➡ January 1, 2025
❄ Minnesota ➡January 1, 2025
🎡 New Jersey➡ June 1, 2025
🍂 Vermont ➡ July 1, 2025
🦞 Massachusetts ➡ July 31, 2025
What does this mean for employers? It’s time to start checking your pay structures (including benchmarking your roles and running pay equity checks), updating your job postings to include those salary ranges, and building trust through transparency with your incumbent employee population.
As a little holiday gift from me to you, here’s a list of pay transparency laws already enacted:
🐻 Colorado
☀ California
⛰ Washington state
🌃 New York state/NYC
🌺 Hawaii
🏛 Washington,D.C.
🦀 Maryland
We hope this update helps you stay ahead as we wrap up the year. Have a joyful holiday season and a prosperous New Year!
We’re regifting you our webinar: How to set pay ranges in the context of pay transparency legislation.
