The Colorado Department of Labor and Employment issued guidance on updates to the state’s pay transparency rules. In 2023, the state enacted legislation that adjusted the rules for pay transparency and opportunity in internal and external job postings. The law went into effect on January 1, 2024.
This law requires employers to disclose all job opportunities to all employees. Additionally, they must disclose who was selected to fill the role. This requirement applies beyond promotional opportunities. Employers don’t have to create external postings but must follow the requirements when they do.
The disclosure information for each job opportunity must include:
- Hourly or salary compensation (or range)
- General description of other compensation and benefits that apply
- Expected closure of application window
Within 30 calendar days of a selected candidate beginning to work, an applicable employer must reasonably make an effort to announce, post, or otherwise inform employees with whom the new hire will work regularly. This information should include the following details about the selected candidate:
- Name
- Previous job title (if internal)
- New job title
- How employees can show interest in similar opportunities in the future
Employers located outside of Colorado with fewer than 15 employees working remotely in the state are only required to provide remote job opportunity notice. This remains in effect through July 1, 2029.
View the full guidance from the Colorado Department of Labor and Employment.
This article is informational and does not constitute legal or financial advice. Consult with an employment lawyer or accountant for additional clarification on how these changes impact your company.
