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The EEO-1 Component 2 is an additional submission that includes year-end earnings and hours worked grouped by EEO-1 job category and separated by race/ethnicity, gender, and pay band (12 pay bands). OutSolve will prepare your data, generate the required file and submit the reports in the format required by EEOC. Component 2 requires two additional data elements in addition to the standard data required to prepare the EEO-1 Component 1 submission files. In preparing the employee data, each employee
record will require the employee’s W2 Box 1 year-end earnings and annual hours worked. The EEOC will be collecting the data and utilizing it in multiple ways including, but not limited to; sharing with OFCCP, identifying companies for possible investigation and publishing key aggregate statistics that can be used by employers and other entities to compare their compensation practices against industry benchmarks. Employers are strongly encouraged to conduct more in depth analyses of their compensation data to identify any potential risk areas and take proactive corrective measures.
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