The bill mandates that employers in New Jersey must make reasonable efforts to announce promotion opportunities to all current employees in the relevant departments before making a promotion decision. However, promotions based on years of experience or performance are exempt from this requirement. Additionally, employers are required to disclose the hourly wage or salary, or a range thereof, along with a general description of benefits in all job postings, whether internal or external. Employers are allowed to increase the compensation offered at the time of hiring, and they are subject to civil penalties for violations of these provisions.

Temporary help service firms and consulting firms are exempt from disclosing wage and benefit information in job postings aimed at identifying potential future applicants, but they must provide this information to applicants at the time of interview or hire for specific job openings. The bill also clarifies the definitions of "employer" and "promotion" for the purposes of enforcement. Violations of the notification requirements can result in penalties of up to $300 for the first offense and $600 for subsequent offenses, with specific provisions for how violations are counted across multiple postings. The act will take effect seven months after its enactment.