In theory, compliance should be easy—just follow the rules. The problem business leaders face is that the rules are constantly changing. With each shift in the political landscape, new laws are passed and regulatory priorities re-shuffled. Today, the compliance landscape is shifting significantly at the federal, state and local levels.
There are several expected changes in compliance that HR professionals will face in the coming months. These include changes to EEO-1 reporting, a revised W-4 form for employee tax withholding, and a proposal from the Department of Labor to change overtime for salaried employees.
Related: State ACA reporting compliance: What employers need to know now
|EEO-1: Additional reporting due
Businesses with at least 100 employees and federal contractors with at least 50 employees must file the annual EEO-1 form by September 30. As a result of a recent court ruling, these employers must now submit updated EEO-1 reporting. Specifically, a second component was added that requires employers to collect and report data on employee pay by race, ethnicity, and gender dating back to 2017.
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