ERS Group Insights

Each day ERS Group’s experts interact with clients engaged in complex legal, regulatory, and business matters. Our work requires us to remain up to date with these issues, and we share our insights through our blog.

SEC and New Executive Compensation Disclosure

- Wednesday, May 13, 2015

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. more >

OFCCP's Item 19: Control Your Information

- Monday, February 23, 2015

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. more >

Retaliation for Discussing Pay Prohibited

- Monday, December 01, 2014

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. more >

Key Changes to OFCCP Compliance Evaluation Procedures

- Wednesday, November 26, 2014

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. more >

Data and OFCCP's Proposed Equal Pay Report

- Friday, November 07, 2014

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? more >

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