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22 wrz 2023 · Proper retention of legal and employment records is crucial for real estate professionals, as these documents can provide evidence of compliance with laws and regulations and support in the event of disputes or litigation.
Employee personnel files, which include information like employment contracts and performance evaluations, should be retained for the duration of employment plus seven years. Hiring and applicant tracking documents should be kept for at least one year.
Below is a brief description of the process each association should undertake in creating a record retention policy. Following that is a list of different types of documents and some recommended time frames for how long the association should maintain these records.
29 lip 2024 · A best practice is to create a record retention policy for yourself and/or your business, which details the procedures for proper records management and disposal. In the record retention policy, define the timeframe for keeping records to meet legal, regulatory, and operational requirements.
Several key elements should be considered when developing, implementing and maintaining a workplace records policy. Definition of "record." Clearly define what is meant by "record" so that the...
Employers should work with their legal counsel to determine the recommended retention rules for their organization, including any specific state requirements. See a chart of Federal Record ...
3 mar 2024 · Retention policies dictate how long different types of records must be kept after an employee's termination. For example, the Fair Labor Standards Act (FLSA) requires keeping payroll records for at least three years.
