SB 1162 and its Impact on California Businesses – Why You Need San Diego’s Trusted Business Advisor

On January 1st 2023, a new law came into effect in California that could have a significant impact on businesses of all sizes. SB 1162 requires companies with at least 15 employees to include salary ranges in all job postings and provide them to existing employees upon request. This requirement is sure to have ripple effects throughout the state’s business ecosystem, and it pays to be prepared. Steven Wilhelm, San Diego’s trusted business attorney, knows what businesses need to do now in order to be compliant now that the law is in effect.

SB 1162 requires employers with 15 or more employees to include salary ranges for each job posting they make. This includes both internal promotions and external hires. Additionally, employers must provide existing employees with the salary range for their position upon request. The information provided must also include any additional compensation such as bonuses or stock options that are available for the position.

Non-compliance with SB 1162 carries several potential penalties, including fines ranging from $2,000-$15,000 as well as legal action by disgruntled employees who have been denied access to salary information. It’s important for employers to take this law seriously by ensuring that they are compliant as the law has taken effect January 1st 2023.

The best thing employers can do now is get informed about the new law and start preparing accordingly. Make sure your HR department is up-to-date on the requirements of SB 1162 so that you can make changes for 2023.  Steven Wilhelm founder of the firm Steven H. Wilhelm, A.P.C. is an experienced San Diego business attorney who knows how to help businesses prepare for compliance with SB 1162 and other applicable laws in California. He can advise you on how best to remain compliant while still protecting your company’s interests and bottom line.

SB 1162 is an important piece of legislation that will affect many businesses across California. It’s imperative that businesses start getting informed about this new law now so they can take steps towards compliance. For expert legal advice on navigating these waters, reach out to Steven Wilhelm at Steven H. Wilhelm, A.P.C. —San Diego’s trusted business attorney! He has an extensive knowledge of California’s business laws and regulations and can help you prepare your business for compliance with SB 1162 as soon as possible!

The Top Attorneys of North America have crafted this article to provide insight and helpful information of general interest. The goal is to keep readers informed and up-to-date on relevant legal topics – not necessarily offering advice tailored for their individual needs or circumstances.