BLOG_National-Academies-of-Sciences-Evaluates-the-Quality-of-the-Compensation-Data-Collected-by-EEOC

The public may communicate with the panel prior to February 15, 2021

The National Academies of Sciences (NAS), Engineering and Medicine temporarily appointed a 13-member ad hoc panel to review and evaluate the quality of the compensation data collected by EEOC from U.S. employers. The panel consists of economists, statisticians, professors, other typically employer-friendly professionals. The panel will also “review the methods used and the circumstances of this collection to document lessons learned and identify areas for improvement for future collections.”

The final report will identify conclusions and recommendations to assist EEOC in assessing the usefulness of the compensation data and evaluating its approach for future data collections.

Individuals interested in communicating with the panel may do so before February 15, 2021.

OutSolve’s Take

Expect compensation data collection to resume in one form or another at the federal level – either via a return to EEO-1 Component 2 or a hybrid version. Meanwhile, states like California are forging ahead with their own equal pay reporting. Now is the time to review and analyze compensation data.