Place of Residence field

Summary

Importance of Place of Residence field

Content

Hi,

I was wondering the importance or the need for the Place of Residence field on the candidate profile. Are there any negative impacts of not capturing this, or capturing incorrect information? I'm just curious on how it's used, if we're also capturing the candidate's full address (Street Name, City, State and Zip). Is this a required Taleo core field, or is it optional? I know these locations are from the Oracle location network, but again, just wondering the use. 

Right now, we require it for candidates to complete when they apply and/or when the candidate create option is used.