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We received a request to complete the Occupational Employment Statistics Report from the Illinois Department of Employment Security (IDES). Are we required to provide this information? The request does not state whether it is mandatory. – IBA Compliance Connection

IBA Compliance Connection

Your go to source for compliance!

We received a request to complete the Occupational Employment Statistics Report from the Illinois Department of Employment Security (IDES). Are we required to provide this information? The request does not state whether it is mandatory.

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This request is not mandatory. We confirmed this by calling the IDES (without using a specific bank’s name) — an IDES employee told us that while they strongly encourage employers to participate in this data collection, it is not required.