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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549FORM 8K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934Date of Report (Date of The Earliest
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What is ve r i c?
VERIC stands for the Voluntary Employee Reporting of Individual Compensation, a reporting requirement for certain organizations to disclose specific salary and compensation information for employees.
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Organizations that meet specific criteria, usually related to size and structure, are required to file VERIC, including large employers and certain government entities.
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To fill out VERIC, organizations must gather the required compensation data for each employee and complete the standardized forms provided by the relevant authority.
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The purpose of VERIC is to promote transparency in employee compensation, ensuring that organizations disclose salary information accurately and consistently.
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Information that must be reported includes employee names, job titles, total compensation amounts, and other relevant salary details.
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