As we settle into the new year, Biddle wants to make sure the contracting community doesn’t forget about their mandatory annual filing obligations. First up, the 2022 Employment Information Report (EEO-1) Component 1 filings (completed in 2023).
What is the EEO-1 Report?
The EEO-1 requires certain employers to submit employee demographic information for their U.S.-based workforce, annually. This information includes race/ethnicity and sex data by job EEO-1 category and location using a snapshot pay period between October and December of the reporting year.
Who is required to complete the EEO-1 Report?
Understanding who is required to file these annual reports is also key. EEO-1 reports must be filed annually by covered federal contractors who:
- Have 50 or more employees: and
- Are prime contractors or first-tier subcontractors, and
- Have a contract, subcontract, or purchase order amounting to $50,000 or more; or
- Serve as a depository of Government funds in any amount, or financial institution which is an issuing and paying agent for U.S. Savings Bonds and Notes.
Where can organizations go if they have questions?
While these reporting requirements seem straightforward, questions can and do arise. For those that wish to tackle this filing on their own, additional information can be found on the EEOC website.
Those that are looking for assistance with these filings or just want additional information outside the arena of federal terminology, can contact us here at Biddle Consulting Group.
You can also register here to join us for our “Preparing for EEO-1 Submission” webinar on June 6, 2023 [changed from original February 28 date].