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California The Pay Transparency for Pay Equity Act requires employers with 15 or more employees to include pay scale or hourly wage ranges in job postings.

Many retailers raised wages, in some cases to $15 an hour or higher, as many of their employees ran the risk of contracting COVID-19 on the job over the past year while white-collar employees were able to work from home.

Companies tended to reproduce prior year reconciliations in the second PVP year, with only 8% of organizations disclosing just a single year in the CAP-to-SCT reconciliation footnote.

Participants in this study mainly occupy mid-to-senior level positions (80%) with the remaining 20% split between executive roles (8%), emerging-level roles (6%), and consulting roles (6%).

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;Employers overall are planning to promote 10% of employees, up slightly from the 8% they predicted promoting in 2024.

In each subsequent year, employers must increase the deferral rate for continuing participants by at least 1% per year, up to at least 10% but not more than 15%.

Access a related Workspan Daily article on this subject: ‘Year of Contention’: Employers Mull Tight Budgets, Pay Expectations; Where Employers Are Cutting Payscale’s latest Compensation Best Practices Report found organizations are reducing costs in certain areas: ;Pay increases (18%); ;Salary offers (14%); ;Hiring less experienced talent (15%); “The most visible cuts are in salary budgets, back toward that 3% level that no longer builds in inflation-fueled increases,” Scott-Wears said.