Friday, December 30, 2022

California just increased demand for econometricians

Senate Bill 1162 will also amend the requirements for employers regarding pay data reporting. For example, a private employer that has 100 or more employees will be required to submit a pay data report covering the prior calendar year to the state on or before the second Wednesday of May each year, beginning May 10, 2023. The required elements of the report will also expand to include the median and mean hourly rate for each combination of race, ethnicity and sex within each job category. 

 The Bill will create a lot of work for econometricians to either find pay differences or explain them away. 

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