The bill mandates that employers in New Jersey must make reasonable efforts to announce promotion opportunities to current employees before making a promotion decision. It specifies that promotions based on years of experience or performance are exempt from this notification requirement. 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 for new positions and transfer opportunities. Violations of these provisions can result in civil penalties, with the first violation costing up to $300 and subsequent violations up to $600.

Furthermore, the bill outlines that temporary help service firms and consulting firms are not required to disclose wage and benefit information in job postings aimed at identifying potential future applicants. However, they must provide this information to applicants at the time of interview or hire for specific job openings. The bill defines "employer" and "promotion" for clarity, ensuring that the law applies to a broad range of entities with ten or more employees. The act will take effect seven months after its enactment.