No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 29, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home IRS & Taxes

NJ’s Pay and Benefits Transparency Act

by TheAdviserMagazine
4 months ago
in IRS & Taxes
Reading Time: 4 mins read
A A
NJ’s Pay and Benefits Transparency Act
Share on FacebookShare on TwitterShare on LInkedIn


If you’re an employer who operates in New Jersey, employs New Jersey residents, or accepts applicants from NJ, it’s time to check your job postings.

As of June 1, the New Jersey Pay and Benefits Transparency Act is in effect. This law is designed to give jobseekers access to key information such as pay, benefits, and compensation programs before they apply for a job or internal transfer. It applies to all types of job postings, including printed materials, digital listings, social media, newsletters, and even emails.

Who Does This Law Apply To? 

Any employer who:

Has more than 10 employees over 20 or more calendar weeks, and
Does business in NJ, employs or accepts applicants from NJ state residents.

This means that even if your organization does not operate in New Jersey and has no current NJ employees, if you accept applicants from NJ, you still need to comply. For example, if your organization has remote roles and NJ job seekers can apply, this law applies to you. 

How to Remain Compliant

1. Requirements for Posted Pay

Requirement/s
Dos
Don’ts

The exact rate or the range of the hourly wage or salary

✔ $18-$20/hr

✔ $60,000 – $70,000/per year

✔ $15.00/hr

✖ Up to $20/hr

✖ Starting at $60,000/per year

✖ Competitive Pay!

If commission is part of pay, a general overview of that commission is required

✔ $80,000 base + 8-10% commission per unit sold

✖ $80,000 + Commission!

For a piece-rate role, include the rate or scale plus any agreed rates.

✔ $.75 – $.95 per bucket picked

✔ $.75 – $.95 per bucket picked or $20/hour, whichever is higher

 

✖ Starting at $.75 per bucket picked

✖ Up to $.95 per bucket picked

2. Requirement for Benefits

Requirement/s
Dos
Don’ts

Job postings must include a general description of benefits. While you don’t need to detail every benefit, you should include a summary of the key offerings.

✔  Health/Dental/Vision Insurance; PTO; 401k + matching program; Tuition Reimbursement 

✖ Competitive benefits!

OR

✖ Health, dental, and more… 

 

3. Requirement for Other Compensation Programs

Any other compensation programs (outside of traditional wages) that a role is eligible for should also include a general description. This can include incentive plans or stipends such as car, phone, or uniform allowances. 

Promotional Opportunities

An employer must make a reasonable effort to ensure current employees in affected departments are aware of promotion opportunities. This can be done via internal postings or external. However, if an employee is being promoted due to years of experience or performance, that promotion is not subject to the notification requirements. 

Compliant Example: A manager has left an organization, creating a leadership vacancy. This opening is posted on the company’s internal job board along with external job boards. A few internal employees apply for the role and are interviewed along with a few external candidates. Based on qualifications, the company moves forward with one of the internal candidates. 

Non-Compliant Example: A senior-level position has become vacant due to a retirement. The hiring manager for that role has a friend who they feel would excel in the position and decides to hire them. Multiple current employees have the years of experience and qualifications needed for that position, and if they had been notified of the opening, they would have applied. This would be considered a violation under the NJ Pay and Benefits Transparency Act because reasonable steps were not taken to ensure current employees were aware of a promotional opportunity. 

Penalties of Non-Compliance

Violations of this law are determined per job, not per posting.  For example, if a company has one job posting (that doesn’t follow the guidelines) posted across multiple platforms, that would count as one offense. If a company has 5 jobs posted on one platform, then that would be considered five violations because each jobs’ posting did not follow guidelines.

Penalties can include fines up to $300 for the first violation and up to $600 for each subsequent violation. 

Temporary Service and Consulting Firms

Temporary service agencies and consulting firms are not expected to provide hourly wage or salary, a general description of benefits, and other compensation programs until the interview stage or at time of hire for new openings.

In conclusion, any New Jersey employer, or employers in any state who accept applications from or employs New Jersey residents, should take a moment to carefully review their job postings. Your postings must include a specific salary or range and provide general information on benefits and other compensation programs. Current employees must be reasonably informed of any promotional opportunities as well.

For more information and to see the law written in full, check out: https://www.nj.gov/labor/myworkrights/wages/pay-transparency/. If you have additional questions or would like to talk to one of our advisors on how this law impacts your business, please contact our Human Capital & HR Consulting team.

 

Article Contributed by Jessica Keck



Source link

Tags: ActBenefitsNJsPaytransparency
ShareTweetShare
Previous Post

The True Cost of Free Legal Clinics for the Elderly

Next Post

New federal rule brings immediate changes to Marketplace enrollment

Related Posts

edit post
October 7 – October 23, 2025

October 7 – October 23, 2025

by TheAdviserMagazine
October 28, 2025
0

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for October 7, 2025 –...

edit post
How to Close 32% More Sales & Build a Firm Full of Your Ideal Clients

How to Close 32% More Sales & Build a Firm Full of Your Ideal Clients

by TheAdviserMagazine
October 28, 2025
0

If you’ve ever felt overworked, underpaid, or frustrated by clients who don’t value your expertise, this presentation is for you....

edit post
Sound Tax Policy Can Withstand Creative Destruction

Sound Tax Policy Can Withstand Creative Destruction

by TheAdviserMagazine
October 27, 2025
0

This year’s Nobel Prize in Economics was awarded to economists Joel Mokyr, Philippe Aghion, and Peter Howitt for their work...

edit post
Penalty Abatement for Small Partnerships | Canopy

Penalty Abatement for Small Partnerships | Canopy

by TheAdviserMagazine
October 27, 2025
0

How Accounting Firms are Using AI to Save Time (and Sanity) If you run an accounting firm, you probably have...

edit post
How to Report Employer Stock Options on Your Taxes 

How to Report Employer Stock Options on Your Taxes 

by TheAdviserMagazine
October 27, 2025
0

Key Takeaways:   The tax treatment of stock options depends on their type. Incentive Stock Options (ISOs) may qualify for...

edit post
Churches, Families, and Private Inurement – Houston Tax Attorneys

Churches, Families, and Private Inurement – Houston Tax Attorneys

by TheAdviserMagazine
October 25, 2025
0

When you earn a dollar, you pay income tax and probably paid payroll or self-employment tax on it. When you...

Next Post
edit post
New federal rule brings immediate changes to Marketplace enrollment

New federal rule brings immediate changes to Marketplace enrollment

edit post
These Under-the-Radar Stocks Offer Better Risk-Reward Ratio Than Nvidia

These Under-the-Radar Stocks Offer Better Risk-Reward Ratio Than Nvidia

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
VF Corp tops Q2 forecast on strong back-to-school, wholesale demand

VF Corp tops Q2 forecast on strong back-to-school, wholesale demand

0
edit post
Now He’s Saying to Buy

Now He’s Saying to Buy

0
edit post
The Trump Administration Is Lying Us Into Another War

The Trump Administration Is Lying Us Into Another War

0
edit post
Ferrari Launches NFT Car Collection – Receives Massive Criticism

Ferrari Launches NFT Car Collection – Receives Massive Criticism

0
edit post
What Kind of Halloween Candy Is The Cheapest in 2025?

What Kind of Halloween Candy Is The Cheapest in 2025?

0
edit post
Spruce Biosciences – SPRB: Citizens stuft auf „Market Outperform“ hoch!

Spruce Biosciences – SPRB: Citizens stuft auf „Market Outperform“ hoch!

0
edit post
VF Corp tops Q2 forecast on strong back-to-school, wholesale demand

VF Corp tops Q2 forecast on strong back-to-school, wholesale demand

October 29, 2025
edit post
The Trump Administration Is Lying Us Into Another War

The Trump Administration Is Lying Us Into Another War

October 29, 2025
edit post
Extending Inherited IRA Distributions Beyond 10 Years By Naming Intentionally Non-Designated Beneficiaries

Extending Inherited IRA Distributions Beyond 10 Years By Naming Intentionally Non-Designated Beneficiaries

October 29, 2025
edit post
Now He’s Saying to Buy

Now He’s Saying to Buy

October 29, 2025
edit post
Akasa Air will look at IPO in next 2-5 years, says CEO Vinay Dube

Akasa Air will look at IPO in next 2-5 years, says CEO Vinay Dube

October 29, 2025
edit post
Meta Earnings Preview: All Eyes on AI Monetization, Capex Ahead of Key Report

Meta Earnings Preview: All Eyes on AI Monetization, Capex Ahead of Key Report

October 29, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • VF Corp tops Q2 forecast on strong back-to-school, wholesale demand
  • The Trump Administration Is Lying Us Into Another War
  • Extending Inherited IRA Distributions Beyond 10 Years By Naming Intentionally Non-Designated Beneficiaries
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.