Why EEO Reporting Accuracy is So Important for Your Business (+ How to Make it Simpler)
If you’re in charge of EEO-1 reporting for your organization, you may still be reeling from the impact of last reporting season. For you, we have a treat in this post in the form of ways to make it a whole lot easier. On the other hand, if you’re new to EEO-1 reporting, you probably have a lot of questions! We’ll dive into the nitty-gritty for both EEO-1 reporting veterans and newbies today. Ready for it?
Top 5 EEO-1 Reporting General FAQs
Let’s start off with all the questions, shall we?
What is an EEO-1 data report?
It’s reporting executed by the U.S. Equal Employment Opportunity Commission to track demographic information on the American workforce.
What data is included in the EEO-1 data report?
The following fields are a sampling of the data included in the report:
- Job Category
- Race/ Ethnicity
What types of companies are required to file an EEO-1 data report?
EEO-1 reporting is required for businesses with 100 employees and federal contractors with 50 or more employees. Non-profits aren’t exempt. Higher education institutions, tribal nations, and private tax-exempt membership clubs aren’t required to submit an EEO-1 data report.
Why is EEO-1 data report accuracy important?
First and foremost, if you submit false statements on your report, there are penalties, including fines and/or imprisonment. These reports are of the utmost importance because they are used during investigations of discrimination, as well as research.
Plus, if you do not submit, while there aren’t monetary penalties, you can be held in contempt by the government and lose contracts in the case of federal contractors. You can get detailed info from the source here.
Is there any way to streamline and simplify EEO-1 reporting from Workday?
Lucky for you, now there is! We’re getting to that next…
How Kognitiv Compliance Solutions Make EEO-1 Reporting Easier
So, how accurate have your EEO-1 data reports been in the past? Because most companies have been doing data consolidation manually till today, it leaves a lot of room for error and frustration. Our newly released Kognitiv Compliance Solution for EEO-1 Reporting is transformational for businesses in terms of time spent and accuracy.
How it Works
Our Kognitiv team will work with your internal team to deploy a customizable reporting dashboard specifically for EEO-1 reporting. This can be done in less than one business week! Next, they integrate the dashboard and reporting into your Workday iteration so it can pull the exact information necessary on the EEO-1 reports. Here’s the real kicker—it’s already formatted for submission upon download!
Then, you just upload! It’s immensely less time-consuming and frustrating than the manual reporting of the past. Want to learn more about Kogntiv Compliance Solution for EEO-1 Reporting? Let’s chat.
P.S. Want more detail? Check out this blog!