Maryland’s New Pay Transparency Law: What Employers Need to Know in 2024
Maryland’s New Pay Transparency Law:
What Employers Need to Know in 2024
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Let’s talk about Maryland’s new pay transparency law—it came into effect on October 1, 2024, and it’s going to change the hiring game. If you’re posting a job that’s based in Maryland (or even partially connected to the state), you’ll now have to include a salary range in your job postings. Yes, it’s one more regulation, but don’t sweat it—this law can actually be a good thing for employers. Let’s break down what it means and how you can use it to your advantage.
What Maryland Employers Must Do Under the New Law
Starting October 2024, if you're an employer in Maryland, here’s what you’ll need to know:
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Salary Ranges in Job Postings:
- This one’s the biggie. You’ll need to include both a minimum and maximum salary or hourly wage range in every job posting. Whether the job is full-time, part-time, in-person, remote, or hybrid—if there’s any Maryland connection, the pay range has to be there. No skipping this!
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Benefits Disclosure:
- You’re also required to provide information about benefits. This means you need to describe what’s included in the benefits package, such as health insurance, retirement plans, paid time off, and any other perks your company offers. Being transparent about benefits upfront can give candidates a clearer picture of your total compensation package and help you attract better candidates.
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Other Compensation:
- The new law also mandates that employers disclose any additional forms of compensation. This could include things like bonuses, commissions, stock options, or any other incentives that are part of the job offer. Don’t leave these out—it’s important that candidates see the full picture of what the role offers beyond just base pay.
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Record Keeping:
- The new law also mandates that employers must keep records of all job postings for three years, including the salary range, benefits, and any other compensation details. This step is essential to prove you’re following the rules in case of an audit or investigation.
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Job Interviews:
- If a candidate requests salary range information during the hiring process, you’re required to provide it. Being transparent about pay from the start shows you’re serious about fairness and helps to build trust with potential hires.
Does This Law Apply to Jobs Outside of Maryland?
The law applies to all Maryland-based employers, as well as companies hiring for any position that involves work in Maryland, even if it's partially remote. However, if your company is based in Maryland but you’re hiring for positions located outside the state, this law doesn’t apply to those roles.
But keep in mind, other states like California, Colorado, and New York have their own pay transparency laws, so if you’re hiring in those areas, you’ll need to follow their specific requirements.
Why Pay Transparency Could Actually Be Good for You
Instead of viewing this law as just another regulation, think of it as an opportunity. Pay transparency can make your hiring process more efficient and help you build a stronger, more trusted employer brand. Here’s why:
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Attracting the Right Talent
- Posting clear salary ranges and benefits helps you attract candidates who are aligned with your compensation package. This can save you time by avoiding candidates who may not fit within your budget.
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Building Trust and Reputation
- Being upfront about salary, benefits, and other compensation shows candidates that your company values fairness and transparency. This can enhance your reputation and make you a more attractive employer in the job market.
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Streamlining the Hiring Process
- When salary and compensation expectations are clear from the start, it reduces the need for lengthy negotiations and allows you to move forward more quickly with qualified candidates.
What Happens If You Don’t Comply?
Ignoring Maryland’s pay transparency law isn’t an option. Non-compliance can lead to civil penalties of up to $300 per day for each violation. Failing to provide salary ranges, benefits information, or keeping proper records puts your company at risk of fines and can damage your reputation as an employer. Staying on top of the requirements ensures you avoid unnecessary trouble.
Beyond Salary: Offer Benefits That WOW Candidates
Let’s be real: a paycheck is only part of the package. If you want to stand out, you’ve gotta offer benefits that make people say, “Sign me up!” Here are some fresh ideas:
- Flexible Work Options: Remote and hybrid work is in high demand. Offering this can attract a wider pool of candidates.
- Wellness Programs: Include benefits like mental health support, fitness memberships, or wellness stipends.
- Professional Growth: Invest in your employees' future with opportunities for learning, mentorship programs, or financial support for certifications.
- Financial Wellness: Go beyond retirement plans by offering student loan assistance or financial planning resources.
- Volunteer Time Off: Encourage employees to take time to give back. It’s a feel-good benefit that promotes well-being and helps the community.
The Biggest Advantage: Your Team
The biggest advantage any company can have when attracting talent is the current employees and teams. Employees who are engaged and excited about their work can become your best advocates. That’s why it’s crucial to hire smarter to build winning cultures. When your workforce is strong and connected, they bring in more talent who want to be part of a thriving, successful team.
How Dalton Connection Can Help
Pay transparency laws may seem like a lot to handle, but they don’t have to be a headache. Dalton Connection can help Maryland businesses stay compliant while attracting top talent. We specialize in finding the best candidates while making sure your job postings follow the new regulations, including salary ranges, benefits, and other compensation details. We simplify the hiring process so you can focus on building a great team.
As a Business
We connect you with top-tier talent tailored to your specific needs. By leveraging our network and personal relationships with community leaders, we ensure candidates are both highly qualified and a perfect fit for the company’s culture. Whether you need entry-level professionals or seasoned executives we can find a match for you.
Sign up now to find the perfect talent for your business. Let us streamline your hiring process with top-tier candidates.
As a Job Seeker
Dalton Connection is completely free to job seekers even after you are hired! We support you throughout your job search, from crafting your resume to preparing for interviews. Whether you're starting your career, advancing, or seeking leadership roles, we're here to help you land the right job. Let us open doors to new opportunities.
Ready for your next career move? Submit your resume today and let Dalton Connection help you land your ideal job.
Sources and disclaimer:
- Disclaimer: This blog post is for informational purposes only and is not intended as legal advice. Employers should consult with their legal counsel to ensure compliance with Maryland’s pay transparency law and any other applicable regulations.
For more information on the law, visit the official Maryland government page: https://labor.maryland.gov/labor/wages/esswagerangefaq.shtml.