Any private employer with 100 or more employees and federal contractors with 50 or more employees are required to file an employment information report called the EEO-1 report every year. The EEO-1 Component 1 report is a mandatory data collection of demographic workforce data, including data by race/ethnicity, sex, and job categories. As a business owner that must submit this information, you must know when you should submit it. This year, it’s slightly different than usual. The EEO-1 reporting for 2022 data is scheduled to begin in mid-July.
More updates will be made available here.
What You Need To Know
Employers are asked to denote the gender identity and sexual orientation of employees. With that being said, there are challenges employers might face. The form currently does not have a box for designating nonbinary individuals. However, you can manually enter the number of workers who identify as nonbinary in the comments section. Why are employers required to fill this out? The purpose of this is the following:
- Support enforcement actions
- Facilitate research on employment patterns
- Encourage self-assessment by employers
If you fail to comply, you may be subject to fines, back pay, corrective action, or even civil suits against employers. Federal contractors could lose their contracts if they don’t submit this information.
Additional Steps That Need To Be Taken
For all employers who must submit the EEO-1 reports, it’s essential that you keep track of all of this data throughout the year, so it’s accurate. You must gather all up-to-date information about your employees’ gender identity and sexual orientation. Not sure where to start? When you partner with Group Management Services, our HR experts ensure you remain compliant and stay up to date. We help you meet certain deadlines so you can focus on other areas of your business. Contact us to learn more.