On August 6, 2014, the Office of Federal Contract Compliance Programs (OFCCP) released a proposed rule requiring federal contractors to provide “summary” compensation data, as instructed by President Obama in his April 8, 2014 memorandum discussed here. The proposed rule applies to companies that: file EEO-1 reports; maintain 100 employees or more; and possess federal contracts or subcontracts worth $50,000.00 or more for thirty days or more.

The proposed rule would impose a serious burden on covered employers. Specifically, the proposed rule requires federal contractors and subcontracts to file annual “Equal Pay Reports” providing three types of information: (1) the amount of workers within a specific EEO-1 job category, broken down by race, gender, and ethnicity; (2) the total amount of hours worked by those in the job category, broken down by race, gender, and ethnicity; and (3) the total amount of W-2 wages of workers in the job category, broken down by race, gender, and ethnicity. The reports would be due to the OFCCP by March 31, and provide information on the prior calendar year.

The OFCCP intends to use the collected data to develop “objective industry standards” and help uncover potential pay violations. Should you want to comment on this proposed rule, you must do so by November 6, 2014.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Sherman & Howard L.L.C. | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×