Regulatory Roundup: November 2019November 30, 2019 Blog Post
EEOC announced new pay data reporting requirements for employers. Paylocity can help you navigate compliance and regulatory requirements.
The U.S. Equal Employment Opportunity Commission (EEOC) announced that it may adopt pay data reporting requirements for employers via rulemaking. This is part of the EEOC’s priority to prevent and address pay gaps. Previously, employers were obligated to report pay data through the newly implemented Component 2, but has since stated it would not renew the request for the 2019 calendar year.
This has been a challenge for employers and HR departments as they have worked to collect data to fulfill these requirements — a tedious and time-consuming process made even more difficult with the changing approaches. Regardless of what changes come your way, Paylocity can help you navigate the often-complicated compliance and regulatory landscape.
Our dashboard analytics and reporting tools can provide a holistic view of your employee makeup, including labor costs, demographics, and retention — all of which gives you the insight you need to address equity and better understand your employees. And our Compliance Dashboard will help you manage the latest requirement changes, keeping you informed and helping you maintain compliance.
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This information is provided as a courtesy, may change and is not intended as legal or tax guidance. Employers with questions or concerns outside the scope of a Payroll Service Provider are encouraged to seek the advice of a qualified CPA, Tax Attorney or Advisor.