Spring Cleaning? Be Sure to Maintain Appropriate Recordkeeping

By July 9, 2020September 15th, 2020Recordkeeping

It is not only individuals who professed to getting their Marie Kondo mojo going and furiously cleaning out their spare rooms, garages and closets. Many businesses chose to use recent downtime to clean-up their workspace and their records, too. Before you round file those important HR timekeeping documents, you might want to take a moment to refresh your memory of the proper record keeping requirements as outlined by the Department of Labor:

Each employer shall preserve for at least three years payroll records, collective bargaining agreements, sales and purchase records. Records on which wage computations are based should be retained for two years, i.e., timecards and piece work tickets, wage rate tables, work and time schedules, and records of additions to or deductions from wages.

Remember that other types of employment records may need to be retained for longer periods of time. Get all of the details at: https://www.dol.gov/agencies/whd/fact-sheets/21-flsa-recordkeeping.