Don’t Miss the September 30 EEO-1 Pay Data Deadline
The Equal Employment Opportunity Commission (EEOC) declared that employers are required to report pay data from 2017 and 2018 payrolls, which must be broken down to sex, race and ethnicity. To put this in simpler terms, pay data reflects how much an employer paid their employees of different ethnicities and sexes. This report emerged from the need to enforce closure upon the stark pay gaps across various backgrounds. With the deadline slowly approaching, having an HR partner on your side to make sure your company is gathering the correct information is crucial to your future.
EEO-1 Reporting Requirements
Businesses who currently or have previously met the following requirements will be held accountable to file EEO-1 reports:
- Employers with at least 100 employees
- Federal contractors who have at least 50 employees and a federal contract valued for $50,000 or higher
The EEOC uses the data regarding the amount of women and minorities that companies hired and how much they were paid in order to support the civil rights enforcement while studying employment patterns. The second component of pay data for 2017 and 2018 will be due on September 30, 2019. Are you in compliance?
How Complex is it Really?
Gathering EEO-1 data is much more intricate for the second component of this process — yes, there are multiple steps in this report. If you’re already confused and unsure of the data that needs to be analyzed, you should consider outsourcing these complexities to HR.
The first component begins and ends with employers reporting based on race, ethnicity and sex. However, the second process of collecting pay information will demand more data points. In addition to this, employers could potentially use different systems based on size — businesses with 50-99 employees will be exempt from the second component and only held accountable for the standard report. Make plans to avoid your top leaders getting burned out because of deadlines and federal requirements.
HR Partners Who Prioritize Deadlines
We’re proud to say that HR Affiliates will make sure your organization meets each deadline — fresh or familiar, strenuous or stress-free, we don’t stop until you’re two steps ahead every time. Missing a deadline or making a mistake could cost your company more than just a bad reputation. You won’t have to think twice about your to-do list. We’ll help you figure out what you need then make it happen. Fill out the form below to learn more about our services.