1.3.4.4: HR & Training

Examine the Board's HR and training activities to assess their effectiveness.

Other Information:

Human resources (HR) and training. Maintaining a well-qualified, diverse staff remains a challenge for the Board. Tight labor markets for key job families can constrain the Board's ability to recruit and retain certain highly skilled staff. Staff training also can provide challenges. We plan to examine the Board's HR and training activities to assess their effectiveness. In addition, the Dodd-Frank Act requires that the Board and each Federal Reserve Bank establish a diversity and inclusion office that will be responsible for matters relating to diversity in management, employment, and business activities. Specifically, the Board's office will focus on fostering diversity in Board procurements, with attention on minority-owned and women-owned businesses, and playing an integral role in the development of standards to assess the diversity practices of the entities the Board regulates. We plan to review the office's activities to assess whether they appropriately implement the requirements of the Dodd-Frank Act.

Stakeholder(s):

• Federal Reserve Board

Indicator(s):

Indicator:1

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