Following in the footsteps of California, New York City has welcomed its new pay transparency law to help revolutionize the job sector. The new law, which came into effect November 1, will mean most – if not all – employers will have to disclose salaries for each job posting.  Why is pay transparency important?  Long begone the days of applying for a job with a vague offer of a “competitive salary.” NYC’s new pay transparency law will mean most employers must state the exact salary they are offering employees before starting