Are you suffocating under piles of personnel and payroll documents? Before you overheat your shredders and overwhelm the recycling guy, take a breath and make sure you're in compliance with federal and state laws governing records retention. Different federal and state laws dictate how long certain kinds of documentation must be maintained.
In this installment, we talk about document retention policies. We highlight the importance of having a policy, and provide a run-down on IRS and Department of Labor retention requirements for some common HR and payroll documentation.
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