Think for a moment about all of the employment law obligations you face as a Human Resources professional or employment legal counsel. As extensive as those are, there is actually very little that you have to report to the federal or state government on a regular basis about your employment activity. You have very few obligations to report to the government on your personnel actions, including compensation – at least as of now. In fact, about the only obligation to report information to the federal government is the annual federal EEO-1 report, which must be filed by companies with 100 or more employees and by federal contractors with 50 or more employees. As you know, the federal EEO-1 currently requires only that you report the number of employees at each covered establishment and corporate-wide, by ten broadly defined job categories and broken down by race, gender, and ethnicity. If adopted, the EEOC’s recently-announced proposed wage reporting rules will require that compensation data be added to the EEO-1 report. In addition to the administrative burden this will cause, employers have real concerns about the ways in which the EEOC promises to use the data.
Continue Reading EEOC proposed wage reporting rules: could be a major problem