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This tutorial provides guidance on completing new hire paperwork to ensure compliance and efficiency. It emphasizes two main categories of forms: federal and state forms mandated by law, and company-specific standard forms. These elements form a new hire forms checklist that includes essential documents such as W-4, state tax forms, new hire reporting, offer letter, employment agreement, employee handbook acknowledgment, and direct deposit authorization. The video highlights the importance of the Form I-9, which verifies a new hire's identity and work eligibility in the U.S. Employees must complete their section by their first day, while employers are responsible for verifying this information.