New Corporate Reporting on Workforce Management and Employee Conditions
This act requires large public companies to disclose detailed information about their workforce management, including demographics, training, health, and compensation. This aims to help investors assess whether companies are investing in their employees, which can impact long-term success. For citizens, it means greater transparency in corporate employment practices.
Key points
Companies will need to disclose data on full-time, part-time, and contingent workers, including race, ethnicity, and gender information.
Reports will include data on employee turnover, promotions, training expenditures, and their impact on wages and promotions.
Companies will report on workplace health and safety programs, including injuries, illnesses, and penalties for safety violations.
Information on compensation and benefits (e.g., paid leave, healthcare, retirement) will be disclosed, including whether they are available to all worker types.
The act aims to increase transparency and encourage companies to invest in human capital, potentially leading to better working conditions and job stability.
Expired
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