MONTREAL--(BUSINESS WIRE)--Talent.com Inc. conducted a survey of 2,000 currently employed or job seeking residents of New York, New Jersey or Pennsylvania in May and June with the goal of evaluating the importance of salary disclosure in job postings online to respondents when seeking a new position. The survey was inspired by the Salary Transparency in Job Advertisements Law that will start November 1, 2022 in New York City. All employers with four or more employees or one or more domestic workers are covered by this new provision of the law stating they must include a good faith salary range for every job, promotion, and transfer opportunity advertised.
As the fastest-growing player in next-generation job search platforms, Talent.com’s survey offers unique insight into the deficiencies between job seekers connecting with prospective employers. For the survey respondents living in New York, 70% had never heard about the upcoming new transparency law. Salary was the most important factor employees considered when looking for a new job according to 77%. An astounding 98% of survey respondents said it was important for them to know job salary before considering applying, but according to Talent.com’s data in June 2022 - only 12% of U.S. jobs offered online disclose salary information. In terms of age, salary was considered more important to those 55+ when compared to the 18-34 age group, 84% versus 52% respectively. Report here.
“Our salary survey clearly shows the major problem that is causing U.S. employers to have difficulties attracting and retaining top talent in the current job market,” said Lucas Martinez, Co-CEO of Talent.com. “A high percentage of organizations say their hires are not quality hires. This can be greatly improved by eliminating friction in the hiring and interviewing process – starting with complete salary transparency. We look forward to more online job postings revealing salary ranges in 2022,” concluded Martinez.
Talent.com is one of the world’s fastest-growing next-generation job search platforms helping businesses find candidates no matter their budget, number of job openings or technological capabilities. Based in Montreal, Canada, with 8 offices around the world, our dedicated team adapts to the job posting requirements of our clients and helps them grow. Available in 78 countries and working with an extensive network of publishing partners, we adapt our solutions to the needs of small businesses all the way to enterprise clients, so you can find talent - your way. Visit https://www.talent.com/ to learn more.