📊National Compensation Survey
Information Collection Activities; Comment Request
Summary
The Department of Labor, as part of its continuing effort to reduce paperwork and respondent burden, conducts a pre-clearance consultation program to provide the general public and Federal agencies with an opportunity to comment on proposed and/or continuing collections of information in accordance with the Paperwork Reduction Act of 1995. This program helps to ensure that requested data can be provided in the desired format, reporting burden (time and financial resources) is minimized, collection instruments are clearly understood, and the impact of collection requirements on respondents can be properly assessed. The Bureau of Labor Statistics (BLS) is soliciting comments concerning the proposed revision of the "National Compensation Survey." A copy of the proposed information collection request can be obtained by contacting the individual listed below in the Addresses section of this notice.
Agencies
- Labor Department
- Labor Statistics Bureau
Business Impact
$$$ - High
The regulation involves compliance and information collection that impacts businesses. The National Compensation Survey collects data on employee compensation, which is integral for businesses to assess their compensation strategies, track labor costs, and respond to market changes. This can directly influence financial decision-making and policy formulation.