Natolie Hochhausen and Adam Brown analyze the new pay transparency law in Minnesota, which requires covered employers to include wage/salary ranges and benefit information in job postings.
Natolie and Adam discuss covered employers, requirements under the new law, its effective date (spoiler alert - it's January 1, 2025), and the policy behind pay transparency laws. They also discuss the impact this law will have and the numerous questions it raises, including compliance and enforcement issues, potential penalties, if any, the level of detail and information that will be required, and the lack of specificity in the law as it is currently drafted. This new law will likely have a significant impact on covered employers, and it is time to start thinking about strategies now.
