The bill amends existing labor laws in New Jersey to enhance transparency regarding promotion and job opportunities within employers. It mandates that employers must make reasonable efforts to announce promotion opportunities to current employees before making a promotion decision, with exceptions for promotions based on experience or performance, and for emergent situations. Additionally, employers are required to disclose the hourly wage or salary, or a range thereof, along with a general description of benefits in job postings, whether advertised internally or externally. Violations of these requirements can result in civil penalties, with specific provisions for how violations are counted based on the number of postings.

Furthermore, the bill exempts temporary help service firms and consulting firms from disclosing wage and benefit information in job postings aimed at identifying potential future applicants, but requires them to provide this information during the interview or hiring process for specific job openings. The definition of "employer" is expanded to include various entities with ten or more employees, and "promotion" is defined as a change in job title accompanied by an increase in compensation. The act is set to take effect seven months after its enactment.