On August 29th, 2017, the Office of Management and Budget (OMB) informed the Equal Employment Opportunity Commission (EEOC) it was initiating a review and immediate stay of the pay data collection aspects of the EEO-1 form scheduled to become part of the new EEO-1 Report.
Employers should plan to comply with the earlier approved EEO-1 (Component 1) and complete an EEO-1 Report in this fashion for 2017. The report is due on March 31, 2018.
In September 2016, the EEOC announced the approval of an updated EEO-1 form. The new EEO-1 form introduced additional fields and would require certain employers to report summary pay information to the EEOC. Critics of the proposed change have argued the new requirement is burdensome and wouldn’t provide the EEOC with meaningful data to analyze alleged compensation discrimination.
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This regulatory update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice. Content provided by our consulting partners at Synergy Human Resources.