Enacts new law relating to wage range inquiries by employees and prospective employees
If enacted, SB373 will significantly alter the landscape of employment law in Missouri by introducing a penalty structure for non-compliance. Employers found violating this statute could face fines ranging from $1,000 to $5,000. This measure reflects a growing trend across the country aiming to reduce wage disparities and discrimination in hiring practices. Furthermore, the requirement to disclose wage ranges could lead to more equitable wage practices and create a more informed workforce.
Senate Bill 373 aims to enhance wage transparency in the state by requiring employers to disclose wage ranges to prospective employees and current employees who are applying for promotions or transfers. This bill proposes the addition of section 290.155 to chapter 290 of the Revised Statutes of Missouri, mandating that an employer must either provide the wage range upon request or at the time of making a job offer. The legislation is designed to empower employees and job applicants, facilitating informed decisions regarding employment opportunities based on clear compensation expectations.
Notable points of contention surrounding SB373 may include discussions on the balance between employer discretion and employee rights. While supporters argue that wage transparency fosters fairness and equality, opponents may express concerns about the potential risks to company confidentiality and the competitive nature of compensation strategies. The bill brings to the forefront ongoing debates about how much information should be shared publicly and the implications that may have for negotiation dynamics between employers and prospective employees.