A successful, growing company is certainly something to celebrate, but this growth also results in additional responsibilities for business leadership teams.
Case in point: Once you hire your 15th employee, the government will require you to file certain details about your employment data to ensure that you’re compliant as an equal opportunity employer. This report, called the EEO-1 report, helps government organizations track and analyze nationwide workplace trends.
Here’s what you need to know about EEO-1 reporting, and who’s required to file these reports.
What is the EEO-1 report?
The EEO-1 report, also known as an employer information report, is a compliance survey that businesses that meet certain requirements must file with the Equal Employment Opportunity Commission (EEOC) every year.
In order to file one of these reports, an employer must have the following categories of employment data stored:
- Job category
By filing an EEO-1 report, businesses show the EEOC that they’re following and compliant with equal opportunity guidelines. Companies that must file this report but don’t will face strict consequences from the organization.
Who is required to file these reports?
To be considered an equal opportunity employer, companies with 15 or more employees must comply with Title VII of the Civil Rights Act of 1964 and avoid discriminatory practices in their business.
But as mentioned earlier, only certain businesses need to worry about filing an annual EEOC-1 report. Businesses that qualify typically meet one of the following requirements:
- Have at least 100 employees
- Have less than 100 employees but are owned, affiliated with, or controlled by another company that has more than 100 employees total
- Have at least 50 employees and a federal contract or subcontract that is worth more than $50,000
- Have at least 50 employees and acts as an issuing and paying US Savings Bond agent or serves as a depository of government funds
However, if one or more of the following applies to your company, you aren’t required to file an EEO-1 report:
- If you have 50 or more employees but are exempt under regulation 41 CFR 60-1.5
- If you are located in the Virgin Islands, Puerto Rico, or any other US Protectorates
Schedule your free consultation with InterConnect Human Resource Services today
When you need an expert who’s well-acquainted with EEO-1 reporting and general government compliance requirements, turn to the InterConnect Human Resource Services team. If this will be your first time filing an EEO-1 report, we can guide you through the process so it’s simple, easy, and quick.
We don’t just help companies with their HR compliance needs, we specialize in it. And we’re good at what we do. Our consulting work has helped federal contractors all over the country maintain compliance with government regulations and avoid harsh penalties.
We can help your company do the same. If you’re interested in learning how we can help your business, schedule your free consultation on our website. But if you have any pressing questions or concerns about our services, send us a message or call us at 833-670-0331.