Employers Must Report the Gender Wage Gap
Photo credit:Wikipedia Commons
Thank you, President Obama! The White House announces today a new program aimed at closing the gender pay gap.
The program - announced by Valerie Jarrett, a senior advisor to President Obama and Chair of the White House Council on Women and Girls, and Jenny Yang, the Chairwoman of the EEOC - will require companies that employ more than 100 people to report salaries on a form that they already use to report information about gender, age and race. The EEOC will use the information they collect to detect where discriminatory practices may exist.
This new rule expands on a prior 2014 rule requiring such pay disclosures of federal contractors. Now the EEOC's rule applies to all employers with at least 100 employees -- which means that over 63 million employers will be required to make such disclosures.
To put the new disclosure in context, it is an evolution of existing rules. Since the late 1960's large companies have always reported to to the EEOC the number of their employees by sex, race, ethnicity and job group. This new rule would add that pay data be listed in 12 salary ranges, though individual employee salaries would be grouped together within these ranges to protect privacy.
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