Contrary to predictions, federal contractors may not receive lesser fines by the Trump administration. Well-known companies like Goldman Sachs and Bank of America have settled accusations of workplace-discrimination with the Department of Labor's Office of Federal Contract Compliance Programs (OFCCP).
Sylvan Springs, AL -- (SBWIRE) -- 10/21/2019 -- The OFCCP has collected millions of dollars in fines from these major companies, and they are among the highest in a long time. Goldman Sachs will pay nearly $10 million to over 500 workers to settle pay-discrimination claims at its New York corporate headquarters. The firm will also establish Functional Affirmative Action Programs, tweaking its current programs so they concentrate on business functions or units versus geographic location. During June, the OFCCP made changes to its guidelines to ease the process for companies to utilize these plans compared to the regular plans based on location.
The OFCCP is currently involved in litigation against JPMorgan Chase & Co. and Oracle. The former has allegedly paid women less than men for technology positions while the latter allegedly owes female, Asian and black workers over $300 million in shorted wages.
In previous years, an OFCCP compliance audit required reviewing one establishment or business unit. If it resulted in the discovery of technical violations or discriminatory practices, OFCCP did not have a way to tackle similar violations at other businesses or establishments.
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