11 Mar 2025
📊Proposed Changes to New Hire Information Collection by Federal Reserve
Proposed Agency Information Collection Activities; Comment Request
Summary
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the New Hire Information Collection (FR 27; 7100-0375).
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The proposed revision to the New Hire Information Collection system will require businesses to adapt to new onboarding processes, impacting compliance and regulatory practices. The specific changes necessitate modifications in how they collect personnel information, which could influence HR operations and data management.