Thursday, October 19, 2017 | 10:00 AM
- 10:45 AM
What are the Federal Contractor Requirements for Employment Records in Electronic Format and Banks with 50 or More Employees?
Join us for a webinar on Thursday, October 19th at 10:00 CST
Regardless the number of employees, the extensive requirements of Federal Contractors leads to a substantial amount of paper documentation that is required to be retained for several years. Preserving these records in electronic format is a reality. The Office of Federal Contract Compliance Programs (OFCCP) has recently established Federal Contractor requirements to transfer, access and retain electronic records, as well as to dispose of paper records.
We are often asked what the federal reporting requirements are for an employer with over 50 employees. Banks are considered federal contractors, and those with over 50 employees, should complete and retain an annual Affirmative Action Plan and EEO-1 survey report as part of their required reporting. Assuming additional criteria are met, Family and Medical Leave is also needed, and you may need to report health insurance information to the IRS as well.
Requirements for transferring paper records to electronic is vital information for all federal contractors, and this webinar is beneficial to all community banks, regardless of the number of employees they have.
USource Webinars are free for USource members and $85 for non-members.
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