Would you apply for a job with an marketed wage cap of $2 million {dollars}? What a couple of job with a possible base pay of $0.00? What if I instructed you that, apparently, they’re the identical job.

That’s proper, Citi financial institution is hiring a New York, New York-based “client service officer” and for not less than just a few hours on Tuesday, the position was marketed as both completely unpaid or as coming with sufficient compensation to immediately catapult oneself into the mythic one percent. Based on the itemizing, it was unimaginable to know.

The listing has since been up to date, however even with the brand new numbers one thing doesn’t fairly add up. For performing the identical job, beneath the identical description, in the identical metropolis, two completely different folks might apparently be paid $59,340 and $149,320 respectively.

On Tuesday, New York City’s much-anticipated pay transparency regulation went into impact. The legislation, formally titled “Salary Transparency in Job Advertisements,” requires corporations to put up a “good faith salary range” together with any open place discover. Where good religion means “the salary range the employer honestly believes at the time they are listing the job advertisement that they are willing to pay the successful applicant(s).” The rule applies uniformly to each inner postings and to public digital platforms like LinkedIn and Indeed.

Many companies started together with pay ranges of their job listings forward of the official regulation’s begin date. Yet others took a…completely different strategy. Citigroup was simply one in all a number of employers to apparently stretch their interpretations of “good faith.”

As Victoria Walker, a contract journey reporter, first pointed out on Twitter many job listings primarily based in New York City now include absurdly large wage ranges included within the postings. One itemizing for a tech reporter opening on the New York Post gives someplace between $50,000 and practically 3x that quantity. Another general assignment role additionally on the NY Post advertises pays someplace between $15/hour and $125,000/12 months.

Similarly, If you need to be a photo editor at Discovery Inc., you possibly can be paid wherever from $67,991 and $126,269. A listing from the Wall Street Journal included a variety spanning $140,000 to $450,000. A Barron’s reporter may make $50,000 or $180,000.

Outside of journalism, different companies additionally appear to be enjoying quick and unfastened with the brand new requirement. A front desk worker at a dental apply in Brooklyn may make $45,000, or practically double that. A scheduler at a surgery center may begin at $36,980, or 66% greater than that. You get the concept.

For all of those jobs, there’s possibly a slim chance these marketed ranges really displays the breadth of pay for present staff in these positions. And if that’s the case, clearly there are problems with parity at play. But that’s a relatively beneficiant interpretation of company shenanigans.

The complete level of pay transparency is for job candidates to have the ability to make knowledgeable selections about the place to focus their consideration and for firms to be accountable to public opinion and their staff. Plus wage transparency has the potential to carry wider optimistic change, like reductions within the gender and race pay gaps. The new regulation is inarguably factor for employees and job seekers. But if corporations fail to take it critically, we all lose out—companies included.

If you come throughout a job itemizing promoting a suspicious vary, you may file a criticism with NYC’s Commission on Human Rights by calling (212) 416-0197 or by visiting NYC.gov/HumanRights. Companies discovered to be in violation of the newly lively regulation are topic to fines from town and different penalties.