Compliance
Good Faith Salary Range
An employer's honest belief of the minimum and maximum compensation they are willing to pay for an advertised position.
Definition
The 'Good Faith Salary Range' refers to the minimum and maximum annual salary or hourly wage that an employer honestly believes, at the time of posting, they are willing to pay for an advertised job, promotion, or transfer opportunity. This concept is central to the NYC Pay Transparency Law (Local Law 32 of 2022), which requires such ranges to be included in job advertisements, preventing the use of misleadingly broad or open-ended compensation disclosures.