After the reporting period for 2014, the Veterans’ Employment and Training Service (VETS or the Agency) issued a final ruling that would modify the reporting requirements under the Vietnam Era Veteran’s Readjustment Assistance Act (VEVRAA) of 1974. In previous years, Federal contractors and subcontractors were required to report the total number of employees who belonged to a number of categories protected under the VEVRAA, in addition to the total number of protected veterans who were hired during the reporting period.
The final ruling makes a number of modifications to the existing reporting process:
- A revision of the Vets-100 and Vets-100A forms, neither of which will be used during the 2015 reporting period. The new form, Vets-4242 will require employers to report specified information on protected veterans, rather than for each category, reducing the reporting elements by half.
- Rescinds the regulations that prescribe the reporting requirements that are applicable to government contracts/subcontracts entered into prior to December 1, 2003 as those regulations are now obsolete.
- Revisions made to the regulations prescribing the reporting requirements for government contracts/subcontracts of $100k or more entered into after December 1, 2003 by changing the manner of veteran reporting.
- Revisions made to the regulations that address the terms and definitions used in the reporting regulations.
The new rules will allow the labor department to more accurately develop informative workforce trends in the employment of protected veterans in the workforce. The Department of Labor (DOL) estimates that the rule will additionally result in substantial savings for contractors over the next decade.
Visit the DOL‘s website for more information on the final ruling and new reporting requirements.
The reporting period for 2015 will open on August 3, 2015 and will be open through September 31, 2015. HRCentral specializes in EEO reporting and the compilation of Affirmative Action Plan reports. Contact us today for more information on EEO and APP reporting requirements as we roll into 2015 reporting season.