Diversity and business regulations

http://ift.tt/1nUGPrN

Quote:

WASHINGTON—The Obama administration plans to require large employers to peel back the curtain on how much they pay men and women in a push to narrow long-standing earning gaps between the genders.

The Equal Employment Opportunity Commission will roll out details of the plan Friday to begin gathering a summary of pay data from employers with 100 or more workers.

The data will be used to identify employers that may be engaging in pay discrimination so that the agency can target its enforcement resources where problems may be likeliest to exist. The proposal would cover more than 63 million U.S. workers, according to the White House.

The plan, which will be open to public comment but won’t require legislative approval, is part of a broad effort undertaken by President Barack Obama and federal agencies to close a persistent wage gap between men and women.

Soon after taking office, he convened a national task force to address the issue, requesting greater coordination among agencies and more aggressive enforcement efforts.
.....
In a 2012 report commissioned by the EEOC to study the feasibility of collecting pay data, independent experts found that the agency at that time didn't have the expertise it needed to analyze the information it hoped to gather from employers.

Ms. Yang said Thursday that the EEOC has been working to increase its capacity. She also said the agency is joining with the Department of Labor to accomplish the aims of the program.

“One of the benefits of us partnering with DOL in this effort is we can join our capacity together in analyzing some of the data and sharing information and resources.”

Ms. Yang said she anticipates completing the rule-making process by September 2016, with employers submitting their pay data for the first time in September 2017.



Get ready for "everybody is an independent contractor"

I liked this comment on the piece:

Quote:

Raymond Miller 6 hours ago
Serious question here. How is an employer to know the sex of an employee if the concept is fluid? The employer can only ask what sex, if any, each employee identifies as. Not very PC to make such gross assumptions.
I'm going to start identifying as male for the purpose of working stats, and female when I use the restroom. Because I don't want to look at urinals.

number two:
http://ift.tt/20z77xL

Quote:

SEC Chief: Board Diversity Is a Priority for Agency in 2016
Mary Jo White outlines agenda with initiatives focusing on director diversity, executive compensation

Securities and Exchange Commission Chairman Mary Jo White outlined on Tuesday a busy agenda for what is likely to be her final full year at the helm of the SEC, with a range of initiatives focusing on boardroom diversity and executive compensation.

One new priority: possibly requiring companies to provide more details about the diversity of their directors. Ms. White, speaking at a securities conference in Coronado, Calif., said she is concerned that existing disclosures may not provide investors with enough information, according to people who attended the session.

Ms. White said she has instructed staff to review existing company disclosures and give her recommendations on whether the agency should require companies to provide more specific information about the racial or gender composition of their boards, these people said.

Rules adopted in 2009 require companies to disclose whether diversity is considered for management-backed director candidates who appear on corporate ballots. Some investor advocates say companies haven’t provided shareholders with sufficient information about the makeup of their boards, in part because the rules leave it up to the companies to define “diversity.”




perhaps the SOA could piggyback on this stuff.


Diversity and business regulations