As discussed in our May and August editions, employers subject to EEO-1 reporting requirement were required to submit a second report containing Component 2 data, which was due by September 30, 2019 (see EEO-1 Report Expanded, and EEO-1 Report Update: Component 2 Data Reporting Requirement). The EEO-1 Report is a compliance survey mandated by federal law that requires affected entities to report employment data by race or ethnicity, gender and job category, referred to as Component 1 data; Component 2 data refers to salary information reported on employees’ W-2, together with hours worked.
In a recent notice requesting re-authorization for continuing the collection of Component 1 data, which has been required for a number of years, the Equal Employment Opportunity Commission did not request re-authorization for collecting Component 2 data. What this means for now is that the required reporting of Component 2 data for 2017 and 2018 data, is, until further notice, a one-time obligation.
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.
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