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People also ask
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What is included in a record retention schedule?
Records Retention Schedules should identify the records your agency is creating and are responsible for and the retention periods they must be kept for, either per business need or statute. State and local government agencies will use different templates and formats for their retention schedules.
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What is a retain schedule?
The retention schedule is a document that sets out how long categories of records (rather than individual documents, although there are some exceptions) should be kept, and what should happen to them when they are no longer active.
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How long do I have to keep payroll records in Indiana?
Under ADEA recordkeeping requirements, employers must also keep all payroll records for three years.
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What are the components of record retention?
Records retention policies should cover everything from the classification and storage of documents to their preservation and destruction. All employees who deal with such documents, such as those working in the human resources or finance departments, should be trained on these policies during onboarding.
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What should be included in a document retention policy?
Write the body of the policy Clearly identify: Descriptions of categories: List each category and the types of records included in that category. Retention requirements: Next to each type of document, note how long you should retain each file type and when files should be recycled.
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What factors should be considered for a retention period?
Retention Period Considerations: These values are based on an analysis of work processes, legal requirements, research needs, as well as other factors regarding how these records support the current work of the agency. Records may have value in more than one category.
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What is contained in a record retention schedule?
Retention schedules establish guidelines regarding how long important information must remain accessible for future use or reference as well as when and how the data can be destroyed when it is no longer needed.
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