Significant new government compensation data reporting requirements on the way from the OFCCP
Seyfarth Shaw LLP and a number of other OFCCP watchers reported recently on Office of Federal Contract Compliance Programs (“OFCCP”) notice of proposed rulemaking (“NPRM”) that would require most Federal contractors and first-tier subcontractors to submit compensation data to the OFCCP through a web-based filing system on an annual basis. The stated goal of the new data is to provide the OFCCP better data to monitor and analyze the pay of men and women in the workforce.
According to Federal Register, Vol. 79, No. 153, August 8, 2014, the OFCCP’s new data requirement will require contractors and subcontractors to provide:
- The total number of workers within a specific EEO-1 job category by race, ethnicity and sex;
- Total W-2 wages for all workers in the EEO-1 job category by race, ethnicity and sex; and
- Total hours worked by all employees in the EEO-1 job category by race, ethnicity and sex.
The Department of Labor estimates that the the total cost of the rule change is $50,009,885, $46,250,189 will be first year cost.
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