The U.S. Equal Employment Opportunity Commission (EEOC) released a revised EEO-1 form on September 29, 2016. This updated form now requires employers, as well as, federal contractors, with 100 or more employees to include pay data regarding their workforce. The EEOC states that this information will help various offices identify pay discrimination issues and expand upon their enforcement efforts with employers.
Employers with 100 or more employees are now required to report employees' total W-2 earnings for a 12-month period. They must also report the number of employees whose total W-2 earnings the prior 12 months fell within the 12 pay bands.
Employers are required to submit the pay data info on their 2017 EEO-1 forms. However, the September 30th deadline has been extended until March 31, 2018. Employers must begin assessing their existing systems to ensure access is readily available for the required information. It is also recommended that employers begin reviewing the job titles in each of the EEO-1 job categories to ensure proper classification and avoid disparities in compensation.
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