Requires bidder on State contract to be evaluated on report of its gender-based pay equity and job equality standards for its employees.
Impact
The bill, upon implementation, could significantly alter how companies engage with the state regarding contracts. By requiring bidders to disclose gender pay disparities, the state aims to incentivize companies to rectify inequities, thereby fostering an environment of transparency and accountability. If a company demonstrates a commitment to gender equity, it may enhance its chances of securing state contracts. Conversely, companies that fail to address these issues may find themselves at a disadvantage when bidding for state work, thus promoting overall improvements in employment standards within the state.
Summary
Assembly Bill A2429 aims to promote gender-based pay equity and job equality among businesses seeking state contracts. It mandates that every bidder on state contracts submit to the Division of Purchase and Property a report that assesses the gender pay gap within their organization. The report must evaluate the disparity in pay between men and women performing the same or comparable work, as well as the gender composition of job titles within the entity. This information will be essential for the state to assess applicants for contracts based on their commitment to gender equity.
Contention
While the bill has strong support among advocates for gender equity, it may also face opposition from businesses concerned about the regulatory burden of reporting and compliance. Some critics argue that the requirements could deter smaller businesses from pursuing state contracts due to the perceived complexities and costs associated with gathering the necessary data. Additionally, the bill includes exemptions for contracts that are time-sensitive or federally funded, which may be a point of debate regarding its overall effectiveness and scope.
Implementation
The provisions of A2429 will take effect one year after enactment, giving the Division of Purchase and Property time to establish the required reporting system and provide technical assistance to potential bidders. This period allows for the development of uniform reporting criteria and instructional materials to facilitate compliance among bidders. By ensuring that organizations are well-prepared to comply with these standards, the state seeks to achieve its goal of reducing gender disparity in pay and job roles in the workforce.
An Act Concerning The State Set-aside Program, Filing Requirements Of State Contractors, Evaluation Of Contractors And Subcontractors And A Program To Increase Contracts Awarded To Resident Bidders.
Requires statements as to whether a bill is likely to increase equity, decrease equity or have no impact on equity to be included on up to 20 pieces of legislation.