EEO-1 Report Update: Component 2 Data Reporting Requirement
As follow-up to our prior Benefit Beat article (EEO-1 Report Expanded, 5/8/19), the Equal Employment Opportunity Commission (EEOC) has contracted with the non-partisan and objective research organization (NORC) at the University of Chicago to collect and process Component 2 EEO-1 Compensation Data Collection for 2017 and 2018.
As a reminder, employers subject to Title VII of the Civil Rights Act who employ 100 or more employees, and certain federal government contractors and subcontractors with 50 or more employees are required to report Component 2 data as part of their EEO-1 report. Component 2 data consists of salary information reported on the employees’ Form W-2, together with hours worked. Component 2 data for both 2017 and 2018 must be submitted by September 30, 2019. Employers report the Component 2 data through the Component 2 EEO-1 Online Filing System, or by creating a data file in accordance with certain specifications.
Additional information including FAQs, together with instructions and guides, is available from the EECO-NORC designated webpage.
The information contained in this article is provided as general guidance and may be affected by changes in law or regulation. This article is not intended to replace or substitute for accounting or other professional advice. Please consult a CBIZ professional. This information is provided as-is with no warranties of any kind. CBIZ shall not be liable for any damages whatsoever in connection with its use and assumes no obligation to inform the reader of any changes in laws or other factors that could affect the information contained herein.