California law forces most companies to provide salary info in job ads

Pay transparency is having a moment. Here’s what you should know.

California recently passed a law that will require pay transparency for almost all the state's employers and increase pay reporting practices for big ones. (Matt Slocum/AP)

California companies with more than 15 employees will be required to list salary ranges for jobs and make that information available to existing employees thanks to a new law signed last week by Gov. Gavin Newsom (D).

The law represents a major win in the growing push for pay transparency, which experts say is a critical lever for countering the wage gap. In California, women lose $87 billion to the pay gap each year, according to Newsom’s office.

Here’s what you need to know.