Today, the Office of Information and Regulatory Affairs (“OIRA”), notified the public that it has suspended “Component 2” of the revised EEO-1 Report. “Component 2” was the controversial portion of the revised EEO-1 Report which would have required employers with over 100 employees to submit W-2 pay and FLSA hours worked information.
Who is OIRA?
OIRA is a division of the Office of Management and Budget.
Why did OIRA suspend “Component 2”?
It appears that the request by the U.S. Chamber of Commerce, and other stakeholders, requesting the further review of the estimated burden on business implementing “Component 2” has finally been heard.
Until further notice as to the fate of “Component 2”, employers should not waste time and money to comply with the request. We can expect EEOC and OFCCP to continue to try and pass regulations that would require employers to submit their pay data but under the Trump administration, this is not likely to happen. However, as things stand today, OFCCP audits will continue to request pay-data, so contractors should be proactive in conducting pay analysis.