OFCCP PROPOSES RULE REQUIRING FEDERAL CONTRACTORS TO SUBMIT EQUAL PAY REPORT -

The U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) issued a news release on August 6, 2014 regarding a Notice of Proposed Rulemaking that requires covered federal contractors and subcontractors to submit an annual Equal Pay Report summarizing employee compensation in the first quarter of each year. If finalized, this proposed rule would create an additional reporting requirement for covered entities (those companies with more than 100 employees who hold federal contracts or subcontracts worth $50,000 or more for at least 30 days) already subject to numerous reporting and record keeping obligations.

Using the Equal Pay Report, the OFCCP proposes to collect the following information for each group of workers within each of the EEO-1 job categories...