It's great to do a mid year evaluation. There is no requirement for such, but the more areas the company analyzes, the faster it will identify successes or areas that need further investigation. Analyzing how the company is doing with respect to established goals is great as it gives the company the opportunity to identify additional sources of recruitment, which is very important. If you can add adverse impact and perhaps compensation analyses, that would help the company identify & remedy any concerns sooner versus waiting for annual analyses.
You can use this OFCCP audit checklist to ensure you're doing what is required to maintain OFCCP's regulations including VEVRAA, Section 503, and EO 11246. Or request a demo to streamline your compliance and recruiting efforts.