On April 29, 2015, the U.S. Securities and Exchange Commission (SEC) voted 3-2 to propose new rules (Release No. 34-74835) that would require certain publicly held companies to disclose the relationship between the compensation “actually paid” to Named Executive Officers (NEOs) and the company’s financial performance.  ...read more >

Employers should take heed of what OFCCP is requesting in the updated Item 19 of the compliance review scheduling letter. The agency is now requesting compensation data at the individual employee level.   ...read more >

President Obama proclaimed April 8th as “Equal Pay Day,” the symbolic day that women’s earnings catch up with men’s wages from the previous year. He then signed Executive Order 13665, “Non-Retaliation for Disclosure of Compensation Information” which prohibits federal contractors and subcontractors from retaliating against employees and job applicants who disclose, discuss or inquire about compensation.  ...read more >

Federal contractors selected for auditing by the OFCCP are notified via a Scheduling Letter and an Itemized Listing of the data, analyses and documents they must provide within 30 days. On October 1, 2014, the Office of Management and Budget (OMB) approved the OFCCP’s new Scheduling Letter, Itemized Listing, and Compliance Check Letter. Federal contractors should familiarize themselves with these new requirements.   ...read more >

Federal contractors may soon be required to prepare and submit an Equal Pay Report on employee compensation to the OFCCP. What do contractors need to know about the new data requirements behind this proposed report?   ...read more >