This bill mandates that employers in Minnesota disclose salary ranges in job postings, aiming to promote transparency in the hiring process. It introduces a new section in Minnesota Statutes, chapter 181, specifically designated as [181.173], which outlines definitions relevant to the legislation, including terms such as "employer," "posting," and "salary range." The bill defines an employer as any entity with 30 or more employees and specifies that a posting refers to any solicitation for job applicants, whether done directly or through a third party.

Under the new law, employers are required to include the starting salary range in each job posting, along with a general description of benefits and other compensation offered to potential hires. If an employer does not intend to provide a salary range, they must instead list a fixed pay rate, ensuring that salary information is not left open-ended. This legislation aims to enhance fairness and clarity in the job market by ensuring that candidates have access to essential compensation information before applying.