What's the salary? These employers aren’t saying, despite warnings from New York regulators
Companies including Rillet, Icon, Polymarket, and ButterflyMX failed to disclose pay ranges in job posts after warnings from New York regulators.
Three years after New York mandated job postings to include salary ranges, some companies are ignoring the law, according to Business Insider's investigation. Employers like Polymarket, Rillet, Icon, and ButterflyMX posted jobs without pay ranges despite receiving warnings from the state labor department. ButterflyMX later complied and included salary ranges in its postings, specifying a range of $190,000 to $210,000 for an IT director role.
Some job seekers view the lack of salary information as a waste of time. The New York State Department of Labor has issued warnings to these employers but has not fined them, with penalties ranging from $1,000 to $3,000 per violation. The state's pay transparency law, enacted in 2023, requires employers with four or more employees to disclose compensation ranges in online job listings.
Critics argue the law may discourage job seekers from applying to New York positions, while supporters contend it benefits both employers and workers by providing transparency and enabling fair salary negotiations.
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