The Labor Department has rescheduled the deadline for comments on the Equal Pay Report proposal to Jan. 5, 2015, giving federal contracting companies an additional 60 days to submit feedback on the future requirement.
Labor said Friday the proposed rule will help the Office of Federal Contract Compliance Programs collect data on employee compensation and demographics from federal contractors and subcontractors.
This is in response to a White House memorandum on the collection of summary employee pay data from these contractors and subcontractors, the department said.
Only those that have at least 100 employees, file EEO-1 reports and hold contracts for 30 days and beyond that are at least $50,000 in value will be required to submit an Equal Pay Report to OFCCP annually.
The proposal is available for comment through the OFCCP page on the Labor Department website.