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The proposed rate, which would be finalized after a public hearing and consideration of public comments on Dec. 16, would be $17.87 when it takes effect and would increase to $23.82, adjusted for inflation, when it is fully phased-in on April 1, 2025.

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To most, his example was inspiring, especially because he cut his own pay from $1 million down to $70,000 as part of the program.

Companies are shifting away from the days of routine annual increases Jan. 1 through March 31.

Swati Bakshi, senior manager, compensation programs at Roblox, described how her organization had to work quickly to comply with California’s pay transparency law , which went into effect Jan. 1, 2023, just four months after it was passed in the state’s legislature.

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Figure 1 shows that 62% always or sometimes publish salary range information in their external job advertisements, while 38% say they have either not done so (though they may plan on doing so within a year), never do so, or don’t know.

“It was the No. 1 thing that we were hearing from candidates as they were applying: ‘How often would I get paid?’

See Table 1.