New mandate promotes workplace transparency and addresses systemic wage disparities
Mandated Reporting for Equity
NYC now requires employers to report employee pay and demographics to increase transparency and reduce wage disparities. This policy supports labor equity initiatives and holds companies accountable for fair compensation practices.
Accountability and Inclusion
The reporting mandate helps identify systemic inequities and drives actionable change. By promoting transparency, the city encourages businesses to adopt fair pay strategies that include marginalized workers and reduce gender and racial wage gaps.
Long-Term Benefits
As data accumulates, policymakers can target interventions that support progressive workplace policies, improve social mobility, and foster equitable economic growth.
