Colorado’s Equal Pay for Equal Work Act goes into effect on January 1, 2021

Colorado’s Equal Pay for Equal Work Act goes into effect on January 1, 2021

Colorado’s Equal Pay for Equal Work Act goes into effect on January 1, 2021, and applies to all entities with at least one employee in Colorado, including public bodies, schools, and private individuals. Beginning January, employers in Colorado must (1) provide formal notice to Colorado employees of “promotional opportunities,” which includes virtually every job movement, and (2) disclose pay rates or ranges in job postings for jobs that will be (or could be) worked in Colorado (including remote or “work anywhere” openings). For many companies, this means creating or revamping practices and procedures for making promotional decisions and processing internal position changes.

This appears to be another law that makes it more burdensome for companies to attract the best candidates, while fostering unintended consequences for the people the law aims to “protect”. Clearly the financial services firms that have recently moved into Colorado by way of acquisition, “did not get the memo”.

Recent client posting: 😉

In accordance with Colorado law: Colorado pay for this position is anticipated to be between $15.00 - $100.96 hourly, actual offers to be determined based on applicant’s skills, experience and education. This position is commission eligible.

Read the complete law here.

https://www.natlawreview.com/article/colorado-pay-transparency-more-guidance-job-promotional-posting-requirements-issued