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How New Jersey’s pay transparency law affects employers.
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Hey there, HR pros. Have you ever showed up to a big meeting without making it through all the required reading? Turns out you’re not the only one. This week, Georgia Rep. Marjorie Taylor Greene drew flack for complaining about AI provisions that were in a tax bill she voted for—and didn’t read in its entirety. Ah, the importance of preparation. That’s why HR Brew is always here to help keep you up to speed.

In today’s edition:

Show them the money

A jolt to the system

Rolling out AI products

—Courtney Vinopal, Paige McGlauflin, Adam DeRose

COMPLIANCE

Legislative Lowdown recurring feature illustration

Francis Scialabba

New Jersey is the latest state to enact a pay transparency law. As of June 1, employers with 10 or more workers doing business in the state, and that take applications for employment within New Jersey, must share information about salary and benefits when they post new jobs or transfer opportunities with their organizations.

Gov. Phil Murphy, who signed the New Jersey bill into law last November, said the legislation is part of his administration’s “efforts to make the Garden State more equitable, ensuring that critical salary and benefits information and career advancement opportunities are accessible to our workers,” according to a May 29 press release from his office.

This latest law is part of a broader movement to require employers to share more information about how they pay employees in the hopes it will even the playing field during salary negotiations, and help close pay gaps.

For more on New Jersey’s law and the rising wave of pay transparency laws nationwide, keep reading here.CV

together with Indeed

RECRUITMENT & RETENTION

Gif of binary code moving down within a "Hiring Staff" sign. Credit: Anna Kim

Anna Kim

We’ve officially reached June, and April—chock-full of economic policy chaos thanks to on-and-off tariffs announcements—might feel like the distant past.

But the latest Job Openings and Labor Turnover Survey (JOLTS) data from the Bureau of Labor Statistics is taking us back to that month. Despite concern from businesses, workers, and consumers over President Trump’s “liberation day” tariffs announcement and subsequent backtracking in April, hiring and labor demand remained fairly strong.

Diving into the data. Employers had 7.4 million job openings posted at the end of April, an increase from an upwardly revised 7.2 million postings in March, and beating economists’ estimates of 7.1 million according to one Bloomberg survey. Meanwhile, total hires in April increased to 5.6 million, up nearly 170,000 from March.

During that same period, quits fell to around 3.2 million in April, down around 150,000 in March, and down 220,000 year over year. Additionally, the number of layoffs and discharges rose by around 200,000 month over month to 1.8 million in April, reversing a similarly sized drop from the previous month.

For more on this latest JOLTS data and what it means for employers, keep reading here.PM

TECH

image of AI with SAP logo

Sopa Images/Getty Images

At its annual SAP Sapphire conference in Orlando, execs from SAP SuccessFactors announced a set of new products and updates to its human capital management (HCM) platform offering amid the show. The enterprise software behemoth is looking to better leverage AI and agents, integrate and maximize data insights, and help reshape how companies think about skills and training.

“Three themes that are unmistakable,” said SAP SuccessFactors CEO Dan Beck said of customer needs and related product development. “Excitement about AI. How do I adopt it? There’s tension there. What does that mean for the future of work? What does it mean for leadership?…The second theme is data. [Customers] want to make better decisions…want to do more with data. And thirdly is skills…We’re actually living into the promise of skills.”

For a look at how these new products might affect performance conversations, payroll, and more, keep reading here.—AD

Together With Hibob

WORK PERKS

A desktop computer plugged into a green couch.

Francis Scialabba

Today’s top HR reads.

Stat: Fifty-nine percent of Warner Bros. Discovery shareholders voted against CEO David Zaslav’s 2024 pay package, which totaled $51.9 million. While the company’s board of directors said it takes the results seriously, the vote is non-binding. (Deadline)

Quote: “We want you to stay with us longer…what are all the little dials on a radio we can work through to help that offering be much better for you?”—Charter Communications EVP and CHRO Paul Marchand on why the company decided to offer an Employee Stock Purchase Program that matches the shares workers purchase based on their tenure (WorkLife)

Read: Walmart is firing some immigrant workers in Florida who are losing temporary legal residency in the US due to a recent Supreme Court ruling. (Bloomberg)

CEO’s on GenAI: Indeed CEO Chris Hyams weighs in on the AI conversation in their latest. See how he sees the future of AI/human collaboration.*

*A message from our sponsor.

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