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bajaj steel industries limited (507944) stock rallies ✌️【Return Potential】✌️ Expert predictions of market trends to help you plan the best investment strategy for steady capital growth. It’s not unusual for two people with the same title to be paid somewhat different salaries. Pay, after all, is based on many factors, including a person’s experience and performance, the market rate for the position when they were hired and their negotiation skills.

Yet that’s the kind of differential that is popping up in some job ads that have posted sinceNew York City’s pay transparency lawtook effect on November 1.

Organizations that do business in New York City and have at least four employees are now required to include in written job ads a “good faith” estimate of the minimum and maximum amountsthey’d be willing to pay someone to fill the position.

bajaj steel industries limited (507944) stock rallies ✌️【Return Potential】✌️ Free stock market analysis and real-time data to help you select the best investment portfolio and achieve stable returns. While a random search online will turn up many job listings offering fairly narrow salary bands – a bank teller role, for instance, is advertised as paying between roughly $42,000 and $58,000 – some have bands so wide you could drive a truck through them. A vice president of human resources, for instance, is advertised as paying approximately $110,000 to $263,000. A news editor role pays between $50,000 and $180,000. A VP in marketing? Roughly $197,000 to $366,000.

bajaj steel industries limited (507944) stock rallies ✌️【Return Potential】✌️ Real-time global market indices and futures data to help you capture market opportunities and achieve stable growth. The question is, why are these ranges so broad? The answer may differ from employer to employer since there is no uniform practice in how a company should set its minimum and maximum pay range. And the NYC Commission on Human Rights, which is the agency enforcing the new transparency law, does not offer guidance on how wide or narrow a range must be.

bajaj steel industries limited (507944) stock rallies ✌️【Return Potential】✌️ Provides real-time stock market data to help you select stocks accurately and plan the best investment strategies. A very wide salary range in an ad may reflect cost-of-labor differences when a company is hiring for an open role in different cities but just posting one ad for all of them, said Jamie Kohn, HR research director at consulting firm Gartner.For example, the high end of the range could be for a candidate living in a high cost city like New York, but might not apply to a candidate living in Kansas City.

Or an employer might have five different levels of pay for someone with a title of manager, based on experience, said career expert Kimberly Brown, founder of leadership development company Manifest Yourself.

bajaj steel industries limited (507944) stock rallies ✌️【Return Potential】✌️ Professional analysis of stock market dynamics with real-time data for India stocks, US stocks, and European stocks to help you make precise decisions. And some employers may be experimenting to see what works. “This is a new exercise for companies. … It could be seeing how far they can go with this,” said Kelly Cardin, an employment attorney at Ogletree Deakins

bajaj steel industries limited (507944) stock rallies ✌️【Return Potential】✌️ Real-time updates of global stock, futures, and commodity market data to keep you in sync with the latest market trends. Whatever the reason, employers run a risk settingtoo wide of a pay range, especially if they don’t adequately explain why in the ad, Kohn said. She noted that candidates and employees are more likely to believe a company is fair if it posts narrower ranges. “You destroy trust … if you post too broad a salary range.”

bajaj steel industries limited (507944) stock rallies ✌️【Return Potential】✌️ Free real-time global stock and futures trend data to help you analyze market movements and make fast investment decisions. New York City’s pay transparency law doesn’t mandate that the actual offer a company makes to a candidate falls within the advertised range. That range simply represents to prospective employees a good faith estimate of what they can expect in salary, before counting variable compensation like signing bonuses, annual bonuses or equity.

“There’s nothing forcing employers to pay what’s within the range,”said Jose Rios Lua, the executive director of communications for the NYC Commission on Human Rights.

bajaj steel industries limited (507944) stock rallies ✌️【Return Potential】✌️ Expert predictions of stock trends to help you select stocks accurately, achieve stable growth, and quickly recover from losses. That means job candidates – and current employees who want to make more – still need to engage in salary negotiations, Brown said. “You should still negotiate always.”

bajaj steel industries limited (507944) stock rallies ✌️【Return Potential】✌️ Free real-time stock index quotes to help you quickly seize market opportunities and achieve capital growth. She recommends continuing to research pay for a position by using online sites such as LinkedIn and Glassdoor, as well as tapping your professional network to get a better ballpark sense of what people in the role you seek are currently paid. And be very realistic about the experience you bring to a job, since that is a key element in setting pay.

If you happen to bring all the experience an employer is looking for and then some, you can negotiate for more than the top end of the advertised range, Brown suggested. “The max isn’t always the max.”

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