Increased Corporate Transparency in Workforce Management
New rules require large public companies to disclose detailed information on how they manage their workforce. This aims to help investors better evaluate companies and encourage greater investment in employee development and well-being. Citizens may benefit from improved working conditions and greater job stability.
Key points
Companies must disclose data on employee numbers, diversity (race, gender), turnover, training, and related expenditures.
Reporting on workplace health and safety, including injuries, illnesses, wellness programs, and penalties for violations, will be mandatory.
Companies will report on compensation, benefits (leave, healthcare, retirement), and how these benefits differ for full-time, part-time, and contingent workers.
Disclosure of information on recruitment, new job creation, job quality, and employee engagement and productivity will be required.
Expired
Additional Information
Print number: 117_S_1815
Sponsor: Sen. Warner, Mark R. [D-VA]
Process start date: 2021-05-25