AB701 focuses on transparency in pay practices and aims to bridge the gender pay gap and address wage disparities. By complying with AB701, businesses demonstrate their commitment to pay equity and fair treatment of employees, fostering a positive and inclusive work culture.
California has taken proactive measures to enforce pay transparency, and non-compliant businesses may face fines and penalties for failing to comply. By prioritizing AB701 compliance, businesses can avoid these risks and gain a competitive edge by attracting and retaining top talent who value transparency and fair compensation practices.
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