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ABA: The American Bankers Association
Compliance News

ABA, Trade Groups Welcome EEOC Decision to End Data Collection on Pay, Hours Worked

ABA along with several other industry trade groups expressed support for the Equal Employment Opportunity Commission’s decision to end its collection of EEO-1 data on employees’ pay and hours worked (Component 2 Data). The comment letter was submitted in response to EEOC’s request, under the Paperwork Reduction Act, to renew only the agency’s authority to collect data on employees' gender, race and ethnicity (Component 1 Data).

EEOC under the Obama administration sought to collect Component 2 Data—which requires banks and other employers with 100 or more employees to complete a 3,660-field form for each employer location—despite the lack of evidence that the additional data would assist EEOC in identifying pay discrimination. In 2017, the Trump administration halted the collection, but a federal district judge reinstated the collection this past March.

In the letter, the trade groups show that the Component 2 Data collection would impose tremendous burden on employers without providing benefit to the government or the public. The groups also note that the EEOC has not confirmed adequate procedures to ensure the confidentiality of the data submitted.For more information, contact ABA’s Jonathan Thessin.