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Employee Personal Profile Sheet Discontinuing?

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Question: 
Our HR employee was at a seminar last week and after some discussion with other bankers, each year they and ​we have employees complete a Personal Profile sheet. Information needed is employee name, spouse, children's name in the household, vehicles you drive, among other things. We are a small community bank. The other banks she talked to said they were discontinuing this practice.​ ​ Do you think we need to continue to have these completed every year or at all?
Answer: 

Sounds like information that would be valuable in a kidnap/hostage situation. There is no requirement to maintain this information one way or the other. I would ask a representative of your local law enforcement on the perceived value of having that information available in an emergency

First published on 04/02/2017

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