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Economy Getting Better?

Ian Morris, chief economist at HSBC Securities, says new jobless-claims data suggests "we may have hit a peak in the unemployment rate." Is this indeed the end of rising unemployment? In Wisconsin we have reached an all time high. More people are out of work, but it is still a challenge to hire and retain the right people!

OFCCP Scheduling Compliance Reviews Based On EO Survey

The U.S. Department of Labor's Office of Federal Contract Compliance Programs (OFCCP) is in the process of scheduling 2,000 audits to test the validity of the controversial Equal Opportunity Survey (EO Survey). Last year the agency distributed 10,000 copies of the survey to federal contractors. These audits will be scheduled with 20% of the companies that submitted completed surveys.

This is all part of the process OFCCP is undertaking to determine if the EO Survey is a valid tool for selecting contractors to be audited.

A new consulting company has been hired by OFCCP to analyze the 10,000 EO Surveys submitted last year. Based on that analysis, 20% will be chosen for audits this fiscal year. OFCCP typically does about 4,000 audits in any given year. This effort will represent about half of their current year activity.

In the mean time, don't be surprised if you receive notice that you will be audited, especially if you completed an EO Survey last year. It is quite possible that large contractors will receive multiple audit notices. Don't face this alone or without an expert - call us, we can help!