Time to start reporting EEOC pay data! Next steps for Payroll You’ll need earnings from Box 1 of Forms W-2 Summer might normally be a quieter season in Payroll. But not this year, due to new reporting responsibilities. In preparation for Component 2 of the EEO-1 Report, the EEOC online portal was ready to accept employee pay data on July 15, 2019. By now, all eligible employers should’ve received a postal letter and an email with a user ID that allows them to log in to the portal. What’s required. Since the deadline for the report is Sept. 30, 2019, Payroll needs to work with HR to get this info ready ASAP. Here’s what you’ll need to do to meet the deadline. For starters, employers must pick a pay period between Oct. 1 and Dec 31 as a “workforce snapshot” to report data for both 2017 and 2018. All full-time and part-time workers who were employed during each selected pay period should be included in the report. Employees must be counted by sex, race and ethnicity in one of 10 job categories. Then, workers in each category must be assigned to one of 12 pay bands based on their annual wages. When categorizing employees’ wages, employers must use Box 1 earnings from workers’ Forms W-2 for 2017 and 2018. Even if employees didn’t work for the company for the full year, their annual wages must be reported if they were employed during the selected pay periods. Hours that employees worked also need to be included in the report. Time must be reported collectively for each pay band and job category on a yearly basis, again broken down by race, ethnicity and sex. Next steps Right now, employers can log into the EEOC’s portal and submit pay data manually be entering it into an online form. Full Excel files can also be uploaded if they’re saved in a specific format, though that feature won’t be available until August 2019. If you haven’t already, start looking at your records to which pay period may be the best for reporting this data, and double-check with HR to make sure they have the info need on their end. More info: eeocomp2.norc.org/index
Time to start reporting EEOC pay data! Next steps for Payroll
Recent Posts
Archives
- November 2024
- October 2024
- September 2024
- August 2024
- June 2024
- May 2024
- April 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- October 2020
- September 2020
- July 2020
- May 2020
- April 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
Categories
- 2017 Tax Changes
- 2018 tax changes
- 2019 tax changes
- 2021 Tax Changes
- 2022 Tax Changes
- business expenses
- Checking Email
- compensation
- Covid-19
- deductions
- Department of Labor, labor regulations
- direct deposit
- EEO-1 Regs
- employee benefits
- Fair Labor Standards Act (FLSA)
- FFCRA
- FMLA
- Form I-9
- Garnishments
- Hacking
- hiring
- Identity Theft
- Independent Contractor
- New hire
- Overtime
- Recordkeeping
- reimbursement
- Remote work
- retirement plan limits 2020
- Scammers
- Social Security Limits
- tax rates
- taxes
- Timekeeping
- Uncategorized
- unemployment
- W-2s
- W-4s
- W2 Requirements
Recent Comments