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ReferencesEvaluation of Compensation Data Collected Form
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How to complete EEO-1 report
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People also ask
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What is the EEO-1 salary report?
However, the Equal Employment Opportunity Commission (EEOC) does require many companies to report key demographic and pay data. This data helps the EEOC and other agencies better understand and address the pay gap in the US. It also informs discrimination investigations. The required report is known as the EEO-1.
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What is the EEO for payroll?
EEO-1 reports include demographic data that classifies all full-time and part-time employees by job category, race/ethnicity, and sex. Filing an EEO-1 report is a legal requirement based on an employer's size or the value of a contract it has with the federal government.
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What is the EEO-1 Component 2 data collection?
The EEO-1 Component 1 data collection includes workforce demographic information on employee race/ethnicity, sex, and job category. The EEO-1 Component 2 data collection Page 2 2 includes information on W-2 income earnings (aggregated into pay bands) by race/ethnicity, sex, and job category.
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What is the meaning of EEO-1?
But while a company expands, so does its compliance requirements — like filing an annual Equal Employment Opportunity (EEO-1) report. EEO-1 reporting requires private employers with 100 or more employees to keep an accurate record of its workforce's makeup, including its: sex. race/ethnicity. job category.
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What happens if you don't file an EEO-1 report?
If a covered employer has not filed an EEO-1, the EEOC can issue a non-compliance finding, even if the underlying discrimination charge is unsubstantiated; this, in turn, can result in a conciliation process requiring additional compliance reporting and other non-monetary penalties.
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Who is required to file the EEO-1 report?
Employers who have at least 100 employees and federal contractors who have at least 50 employees are required to complete and submit an EEO-1 Report (a government form that requests information about employees' job categories, ethnicity, race, and gender) to EEOC and the U.S. Department of Labor every year.
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