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Employee records retention: we have to keep them for how long?

Stratus

If you’ve been tasked to create and retain employee records, you know there are varying retention timeframes for each record. Here’s a quick at-a-glance chart to help you identify which employee records must be retained for how long. 1 year after creation of document or hire/no-hire decision is made, whichever is later. For current employees, keep for 1 year after terminated. Employee I-9 Form: Form I-9 and any accompanying ID documents.

Recordkeeping: What you must keep – and for how long

HR Morning

The trouble with recordkeeping at a lot of companies: You don’t know how complete your records are until you get involved in litigation or an audit. To be on the safe side, many employment law attorneys recommend you keep everything for at least five to seven years after an employee has left.

How Does Payroll Processing Work?

Paycor

Processing payroll is one of the most important, but time-consuming and frustrating tasks businesses face. Every time a new tax law is introduced, big changes to the process can result, especially if you’re shouldering all of the responsibilities. Retirement plan documents.