Payroll on Bloomberg Tax is built to get you to the right answer faster and more efficiently. Get all the payroll intelligence you need with Bloomberg Tax expert analysis, perspectives and...
A program announced a year ago to collect Form W-2 pay data from employers with at least 100 workers was put on hold Aug. 29 by the Trump administration.
The Office of Management and Budget, in a memorandum to the Equal Employment Opportunity Commission, said the administration was “initiating a review and immediate stay of the effectiveness of those aspects of the EEO-1 form that were revised on September 29, 2016.”
The EEOC plan, which was approved during the Obama administration, applied to revised EEO-1 forms to be submitted starting in 2018. The goal of the program was to collect wage information categorized by sex, race, and ethnicity.
Chamber of Commerce officials and many business groups criticized the program as a burden on employers because of payroll-system changes needed to meet the additional requirements as well as extra time to complete the form. The business groups also voiced concerns that the program raised security and privacy issues.
The revised EEO-1 form would have required covered employers to report aggregate wage data based on Forms W-2, Wage and Tax Statement, along with actual hours worked across 12 pay bands in 10 job categories. The first EEO-1 reports with the compensation data were to be filed March 31, 2018, giving employers six more months to prepare recordkeeping systems for the 2017 report. For 2016, the annual EEO-1 employers information report is to be filed by Sept. 30.
The Trump administration canceled the data-reporting program in part because employers “did not receive an opportunity to provide comment on the method of data submission to EEOC,” the OMB memo said. Additionally, EEOC burden estimates “did not account for the use of these particular data file specifications, which may have changed the initial burden estimate,” the memo said.
“EEOC may continue to use the previously approved EEO-1 form to collect data on race/ethnicity and gender during the review and stay,” said the memo from Neomi Rao, administrator for the Office of Information and Regulatory Affairs.To contact the reporter on this story: Michael Trimarchi in Washington at email@example.com. To contact the editor responsible for this story: Michael Baer at firstname.lastname@example.org.
Copyright © 2017 The Bureau of National Affairs, Inc. All Rights Reserved.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)