We have officially entered the last quarter of 2023, and we are seeing many state legislatures finalize their bills for the new year. While there has not been much significant movement, we have seen one state make major strides towards pay transparency.
Massachusetts
On October 19, 2023, the Massachusetts House and Senate each passed a pay transparency and pay data reporting bill. While the two are quite similar, both chambers need to agree on language for one, final bill. We anticipate that this will happen in the next few weeks, and a finalized version is then expected to be sent to Governor Maura Healey for signature.
Here’s what we know now:
Pay data reporting
If signed by Governor Healey, Massachusetts’s pay data reporting requirement will be very similar to the laws we currently see in California and Illinois. Employers with at least 100 employees who are subject to either EEO-1, EEO-3, or EEO-5 reporting requirements would be required to file a wage data report. Employers who must file an EEO-1 will have to submit a Massachusetts wage data report each year, while other employers will be required to file every two years.
The wage data report must include workplace demographics and pay data categorized by race, ethnicity, sex, and job category. These reports will be published by the Massachusetts Executive Office of Labor and Workforce and available to the public on their website.
Pay transparency
If passed, employers with 25 or more employees in Massachusetts would be required to share pay ranges in job postings, with an employee for a transfer/promotion, or upon request by an employee or candidate. This portion of the bill is silent on whether the requirement would apply to general, remote job postings. Stay tuned while we wait for additional guidance.
Colorado equal pay transparency update
Colorado is expected to pass rules that will clarify Colorado’s “Ensure Equal Pay for Equal Work” Act. This new law will go into effect on January 1, 2024. The clarifications will attempt to elucidate some ambiguous portions of the new law. Stay tuned!
BetFiery’s Pay Transparency Solution
At BetFiery, we believe in helping our customers approach pay transparency with confidence.
The BetFiery solution delivers organizations of all sizes comprehensive technology and professional services to help them, develop a strong compensation strategy and reach pay transparency objectives quickly. Build pay ranges with confidence, facilitate meaningful pay conversations to communicate pay internally and externally, and embed fair pay practices with BetFiery.
Learn more about how BetFiery can help your organization achieve pay transparency.
Want to learn more from our experts?
BetFiery hosts an ongoing pay transparency legislation webinar series to help organizations stay up to date.
Access the most recent episode on demand here.
Stay up to date with the latest pay transparency legislation on our pay legislation tracking page here, which includes a library of the full pay transparency webinar series.