News & Analysis as of

Compensation & Benefits Audits

Trusaic

Employee Pay Expectations Are Soaring: How to Proceed with Pay Equity in Mind

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New labor market data revealed job seekers’ salary expectations have risen significantly from the previous year. The triannual survey from the Federal Reserve Bank of New York found the lowest average wage respondents would...more

Porter Hedges LLP

Human Resources Compliance Audits (Part 2) UPDATED April 23 2024

Porter Hedges LLP on

This post is the second installment discussing best practices for conducting a Human Resources compliance audit. The first installment of the series provided an overview of the compliance audit process and practical advice at...more

Trusaic

Biden Administration Proposes Pay Equity Requirements for Federal Employers

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The Biden administration is looking to continue its push for pay equity at the federal level. The Office of Personnel Management announced a new regulation for Federal agencies that will prohibit the use of salary history in...more

Trusaic

How to Comply with the New DOL Independent Contractor Rule

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The U.S. Department of Labor (DOL) has provided final guidance on employee vs. independent contractor classification under the Fair Labor Standards Act (FLSA). On Jan. 9, the DOL Independent Contractor Rule was published. ...more

Trusaic

Class Action Pay Transparency Lawsuits On The Rise

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As we predicted, pay transparency has become a priority for employers worldwide in 2023. Governments and organizations are taking major steps to address disparities in pay and ensure workplace fairness. Failing to comply...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Is it really going to be less audits?

They claim that with the change in how we count participants, there will be 20,000 fewer audits. By counting account balances instead of those that are just eligible, it looks like CPAs would see a retraction of their...more

CDF Labor Law LLP

OFCCP Revises Directive on Federal Contractors’ Compliance with “Pay Equity Audits”

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On March 15, 2022, the Office of Federal Contract Compliance Programs (“OFCCP”) issued a Directive regarding OFCCP’s expectations of compliance with the regulatory provisions of 41 CFR 60-2.17(b)(3). The regulations require...more

Stinson - Government Contracting Matters

OFCCP Revises Directive on Pay Equity Audits / Compensation Analysis

On August 18, 2022, the Office of Federal Contract Compliance Programs (“OFCCP”) issued “Advancing Pay Equity Through Compensation Analysis,” a revision to Directive 2022-01, “Pay Edit Audits.” The revised Directive states...more

Pillsbury Winthrop Shaw Pittman LLP

ESG over the 2022 Proxy Season

Pillsbury lawyers review the 2022 Proxy Season and offer practical tips on how to leverage auditing in your organization’s ESG strategy. Consider trends seen during the 2022 proxy season, anticipate next year’s lightning...more

FordHarrison

OFCCP Issues New Pay Equity Directive

FordHarrison on

On March 15, 2022, the Office of Federal Contract Compliance Programs (OFCCP) issued a new Directive clarifying covered contractors’ obligation to conduct pay equity audits on an annual basis. Quite notably, the OFCCP issued...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Pay Equity FAQs, Topics, and Trends

The trend of increased legislation, regulation, and corporate initiatives focused on identifying and correcting pay disparities in the workplace has continued to grow. In this episode, Liz Washko discusses recent developments...more

Hogan Lovells

A review of OFCCP’s 2018 directives: Potential signs of greater transparency and cooperation with federal contractors?

Hogan Lovells on

The Office of Federal Contract Compliance Programs (OFCCP) – the Department of Labor office responsible for overseeing federal contractors’ and subcontractors’ equal employment opportunity and affirmative action obligations –...more

Jackson Lewis P.C.

[Webinar] Contractually Speaking: OFCCP’s New Compensation Directive – What Does This Mean for Contractors? - February 26th,...

Jackson Lewis P.C. on

Over the past few months, we have seen a whirlwind of activity from OFCCP. Under new leadership, the Agency has conducted town hall meetings, provided guidance to contractors on a variety of topics and issued new directives...more

Stinson LLP

Are You Ready for an OFCCP Compensation Audit?

Stinson LLP on

The Office of Federal Contract Compliance Programs (OFCCP) recently issued Directive 2018-05, a compensation-related directive that OFCCP touts as part of its effort to be more transparent to government contractors. ...more

Neal, Gerber & Eisenberg LLP

Employee Benefits Alert

Use of Forfeitures for Safe Harbor Contributions, QNECS and QMACS - The Internal Revenue Service (IRS) recently issued final regulations allowing forfeitures in 401(k) plans to be used to fund safe harbor contributions,...more

FordHarrison

Have You Properly Prepared for a WPA Audit?

FordHarrison on

Audits of compliance with the Wage Parity Act ("WPA") are on the rise. The NYS Attorney General's Medicaid Fraud Unit, Medicaid Inspector General ("OMIG"), and Department of Labor ("DOL") are all auditing home care agencies....more

Orrick, Herrington & Sutcliffe LLP

IRS Updates Golden Parachute Audit Guide

This is our first of many alerts during 2017 as the new administration signals the rollback of many regulations (e.g., fiduciary rules and pay ratio). We will keep you posted. In January 2017, the Internal Revenue...more

Cadwalader, Wickersham & Taft LLP

2016 Year In Review: Securities Litigation And Regulation

2016 was an active year in securities litigation. In the first half of 2016 alone, plaintiffs filed 119 new federal class action securities cases. It was also a busy year for SEC enforcement proceedings, with a record 868...more

Proskauer - Government Contractor Compliance...

OFCCP Sues Google, Seeking Pay Data

On January 4, 2017, the Office of Federal Contractor Compliance Programs (OFCCP) sued Google, claiming that the tech giant is illegally withholding information about the compensation it provides its employees.  OFCCP seeks...more

King & Spalding

Compensation and Benefits Insights – September 2016

King & Spalding on

New Guidance Affects Wellness Program Design - Over the last several months, the Equal Employment Opportunity Commission (“EEOC”) and the Internal Revenue Service (“IRS”) have provided additional guidance regarding the...more

Patterson Belknap Webb & Tyler LLP

New York Non-Profit Revitalization Act Reforms Governance Rules for Nonprofits

Signed into law in 2013, the New York Non-Profit Revitalization Act is designed to reform the statutory requirements for governance of nonprofit organizations (both not-for-profit corporations and wholly charitable trusts),...more

Parker Poe Adams & Bernstein LLP

Deferred Compensation - Updated IRS Audit Guide

The IRS recently updated the Audit Techniques Guide that is provided to its agents with respect to deferred compensation programs, including - as the Guide specifies - salary reduction arrangements, bonus deferral plans,...more

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