.png)
17 May
The Equal Employment Opportunity Commission (EEOC) secures about $404 million from employers each year. Employee lawsuits are expensive with an average out-of-court settlement of about $40,000. In addition, 10 percent of wrongful termination and discrimination cases result in a $1 million settlement.
The laws enforced by the EEOC protect employees and applicants against employment discrimination when it involves: Unfair treatment because of race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age (40 or older), disability or genetic information.
Why You Need to File an EEO-1 or EEO-2 for Your Business
Most companies are legally required to file an EEO-1 or EEO-2 report annually to track compliance with anti-discrimination laws and ensure companies are not violating employee rights. There are consequences and stringent penalties in place to ensure not only that correct and valid data is filed through the EEO-1 report, but that the report is filed on time. One major resulting penalty is falling out of favor with OFCCP or EEOC during a compliance review audit or discrimination charge investigation by having to admit to a failure to file or worse incorrect data.
COVID-19 has complicated things and brought about serious concerns for companies. This year both 2019 and 2020 reports have to be filed. Usually, the EEO-1 itself presents as a cumbersome report for many employers to complete and in many instances, companies have a had a change in personnel or a shift in responsibilities and the EEOC reporting process will be new. This comes at a time of extremely high unemployment cases and employers absolutely need to be in compliance.
Listen to what EEOC and compliance experts have to say about the EEO reporting process this year by attending The EEOC Reporting is open, is your data ready? webinar. They discuss EEOC topics such as:
- Who must file
- What is included
- Compliance
- Single-Establishment vs Multi-Establishment EEOC filings
If you need help with IRS notices, tax compliance, or notice tracking, we're here for you. Contact us through our website or by clicking the "Schedule a Meeting" button in the header, and we'll be happy to assist you. Our experts can help you navigate the complex world of tax notices and audits, ensuring that your organization stays in compliance and avoids penalties. Let us help you take the stress out of tax notices – contact us today!
