The Department of Labor and Employment in Colorado issued guidance on updates to the state’s pay transparency rules. Last year, the state enacted legislation that adjusted the rules for opportunity and pay transparency in both internal and external job postings. These changes went into effect on January 1, 2024.

This law requires employers to disclose all job opportunities to all employees, as well as disclose who was selected to fill the role. This requirement applies beyond promotional opportunities. Employers aren’t required to create external postings, but when they do, they must follow the requirements.

• The disclosure information for each job opportunity must include:
• Hourly or salary compensation (or range)
• General description of other compensation and benefits that apply
• Application window date expected closure

Within 30 calendar days of a selected candidate beginning to work, an applicable employer must make a reasonable effort to post, announce, 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 an internal hire)
• New job title
• How employees can show interest in similar opportunities in the future

Employers located outside the state 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.