​The Small Business Blog

Holomua Consulting Group would like to say thank you to all Veterans and Active Duty Service Members for your service to our Country.  Since it is Veterans Day, we thought it appropriate to report on a topic related to Veterans.  On September 25, 2014, the Veterans' Employment and Training Service (VETS) of the U.S. Department of Labor issued its Final Rule revising the reporting requirements for federal contractors and subcontractors under the Vietnam Era Veterans' Readjustment Act of 1974 (VEVRAA).  Practically speaking, the actual reporting aspect of the Final Rule, which became effective on October 27, 2014, does not have an impact on contractors until the 2015 Reporting Period (August 1 - September 30, 2015)   Nonetheless, it is helpful for federal contractors to be aware of the changes effected by the Final Rule, as it may have an impact on contractors' current data collection practices.

On September 30, 2014, the Office of Management and Budget approved the Office of Federal Contract Compliance Programs' (OFFCP) revised Scheduling Letter, Itemized Listing and Compliance Check Letter covering the Executive Order 11246 non-construction, supply and service aspects of the agency's program.  

The revisions to these documents were made primarily to enable the OFCCP, as part of their compliance checks/evaluations, to determine contractor compliance with the requirements imposed by the revised Section 503 and VEVRAA regulations which took effect on March 24, 2014.