Workforce Investment Disclosure Act of 2023

The Workforce Investment Disclosure Act of 2023 (S 2751) requires public companies to disclose detailed workforce data in their annual SEC filings. It mandates reporting on demographics (including race, ethnicity, and gender), workforce stability (turnover rates), diversity composition, training programs, health/safety records, compensation structures, recruitment practices, and employee engagement. These disclosures must be disaggregated by employee status (full-time, part-time, contingent), wage quintiles, and demographic groups where feasible. The bill applies to all "covered issuers" (public companies filing SEC reports), with exemptions for emerging growth companies regarding certain sections. The law aims to standardize workforce transparency for investors without mandating specific outcomes.