EEOC Still to Require Component 2 Reporting Data by September 30th, But Plans to Roll Back Requirement After This Year
The Equal Employment Opportunity Commission (EEOC) has announced that after this year it will not require qualifying businesses to submit Component 2 pay data, citing their need for pay information was far outweighed by the employer burden of supplying the data.
As explained by SHRM:
“Under Component 2, employers must report wage information from Box 1 of the W‑2 forms and total hours worked for all employees, categorized by race, ethnicity and sex, within 12 proposed pay ranges.”
The Society for Human Resources Management (SHRM) reminds those employers with more than 100 employees (and federal contractors with more than 50 employees) that they are still required to provide Component 2 data for 2017 and 2018 by September 30th.
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The information included in this blog post originally appeared in an article from SHRM on September 11, 2019 written by Lisa Nagele-Piazza, J.D.