00:00Well, the new transparency laws, I think, are impacting companies because it's a wake-up call
00:06for them. How so? Because they are now posting these ranges that new hires will be coming into
00:14the organization. Employees will see the postings, even if they're within the organization. And so
00:18these people are going to start to ask questions because they see these numbers and they might say,
00:24hey, I'm in that job. Why aren't I paid at the top part of that range? Now that there are a lot
00:28of reasons why they aren't, it has to do with tenure within the company, how well they're
00:33executing, what their stage of growth is. But that's the piece that's missing for them. So it's
00:38a wake-up call for employers that since they have to post these ranges, they have to get their
00:44internal house even more in order in looking at where each individual falls within the range and why.
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