On August 8, 2014, the Office of Federal Contract Compliance Programs (OFCCP) of the Department of Labor released a proposed rule to require certain contractors to submit reports on employee compensation.
The rule would apply to employers who file Employer Information Reports (EEO-1 Report), have more than 100 employees, and a contract, subcontract or purchase orders amounting to $50,000 or more.
The rule requires them to submit a new Equal Pay report. This report would include summary data on employee compensation by sex, race, ethnicity, specified job categories, and other relevant data points such as hours worked and the number of employees.
Submit comments here by November 6, 2014.
