Big Change on EEO-1 Form
On August 29, 2017, the Office of Management and Budget (“OMB”) stayed the implementation of the new EEO-1 Form, which added compensation and hours worked components to the annual EEO-1 submission. The OMB’s decision was based in part on concerns about burdens the new form would place on employers and the questionable utility of the new information requirements. Employers who must submit the EEO-1 form (employers with 100+ employees and also most federal government contractors) will have to use the prior version of the EEO-1 Form, but will not have to submit 2017 data until March 31, 2018.
Overtime Rule Struck Down
On August 31, 2017, a federal judge struck down a federal overtime rule that would have significantly expanded eligibility for overtime pay. Last November the same judge blocked the rule from taking effect, but didn’t declare it invalid until now. Employers don’t need to make any changes, since the existing overtime regulations, last updated in 2004, still apply, including the $23,660 salary threshold for exempt status. Expectations are that the salary level will eventually be raised, just not to the $47,770 level contemplated by the latest ruling. In other words, a minimum salary level is permissible, but not this one.
Reflections on Boards of Directors
Over the last decades, I’ve served on a few, chaired a couple, and represented many. My tips, based on experience and observation: Remember each board member’s opinion counts. Don’t punish, quash, or try to sidestep dissension. When in doubt, be transparent and be inclusive. It’s hard work, but the alternative is usually, ultimately, not in the best interests of the organization.
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