Remove Company Remove Document Remove Medical Remove Payroll
article thumbnail

It’s time to review (or create) your document retention policy

BMT Office Administration

Worried that your company might not have a particular document on hand if the IRS conducted an audit? They create a document retention policy that clarifies what needs to be saved, where, and for how long. Courts and government agencies frown upon individual employees selectively keeping or tossing important documents.

Policies 105
article thumbnail

Employee personnel files — what should and shouldn’t be included

BMT Office Administration

Knowing what to keep and the location of each document is vital to easy retrieval and to maintaining compliance with government and industry regulations. While some variance may occur between companies, certain papers commonly belong in these files and some definitely do not. Recruiting and screening documents. Cover letter.

Filing 121
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

Besides complying with federal and state laws, keeping employee records helps you stay organized, aids decision-making, and protects your company if a terminated employee files a lawsuit. While it’s clear that you need to keep a separate file for each employee, which documents should you include in it?

Filing 52
article thumbnail

Employee Records: End of year review & preparing for next year

BMT Office Administration

Yet, even the most seasoned HR employees occasionally need clarification about specific recordkeeping requirements, such as how long they should hold on to personnel records after an employee leaves the company. These documents contain employee contact information, social security number, emergency contacts, address, and birthday.

Medical 52
article thumbnail

Stay organized and secure with electronic records management

BMT Office Administration

He put Laura in charge of going through a bunch of drawers with instructions to make folders to organize papers of current worth, box up other documents that somebody might need down the line, and toss insignificant and old material. Many serve as supporting evidence when the company files taxes or gives reports to other federal agencies.

article thumbnail

1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Employees need this document in order to file their personal income taxes each year. Does the company control or have the right to control what the worker does and how the worker does his or her job? 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits.

Payroll 52
article thumbnail

How long do employers keep employee records?

BMT Office Administration

A question most new HR professionals ask is, “How long do I have to hold onto these employee records once they’re no longer with the company?” Stick around to learn which documents you need to keep and which you can get rid of without experiencing any consequences. Payroll files. Medical files.

Payroll 98