Senate Bill 488 mandates that all job postings by employers or third parties must include a salary range and any benefits associated with the position, such as health insurance and retirement plans. The salary range must reflect the employer's good faith estimate of the minimum and maximum pay for the job. Additionally, employers and third parties are required to retain records of these job postings, including wage and benefit information, for at least two years after the position is filled or the posting is no longer active.

The bill establishes penalties for non-compliance, with varying fines based on the size of the employer. Employers with fewer than 50 employees face fines of $300 for a second violation and $600 for subsequent violations, while those with 50 or more employees incur fines of $1,000 for a second violation and $2,000 for further violations. Third parties are subject to the same penalties as employers. Each failure to comply with the job posting requirements is considered a separate violation, and the Department is granted authority to create rules for the implementation of these provisions.