Smart Benefits: Changes to EEO-1 Form Announced

Smart Benefits: Changes to EEO-1 Form Announced

In September, the EEOC announced that it would not seek approval to collect employee compensation data on the Form EEO-1 next year from the Office of Management and Budget – the collection of which was originally approved in 2016.

The decision was made because of the higher actual cost of compliance for employers than was anticipated. That’s because the form is complicated, with the required data field number 3,360 in a single Component 2 report versus 140 in a single Component 1 report.

The EEOC, however, is seeking approval to continue to collect workforce demographic information for Component 1 of the form, which it has collected since 1966. This data is required from employers with more than 100 employees as well as federal contractors and subcontractors who employ 50 or more workers.

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Rob Calise is the Managing Director, Employee Benefits of The Hilb Group of New England, where he helps clients control the costs of employee benefits by focusing on consumer-driven strategies and on how to best utilize the tax savings tools the government provides. Rob serves as Chairman of the Board of United Benefit Advisors, and is a board member of the Blue Cross & Blue Shield of RI Broker Advisory Board, United HealthCare of New England Broker Advisory Board and Rhode Island Business Healthcare Advisors Council. He is also a member of the National Association of Health Underwriters (NAHU), American Health Insurance Association (AHIA) and the Employers Council on Flexible Compensation (ECFC), as well as various human resource associations. Rob is a graduate of Bryant University with a BS in Finance