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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?” Payroll files. Your payroll files should include W-4s, W-2s, timesheets, direct deposits, and wage rates. Medical files. How Long Should You Keep Employee Records?

Payroll 98
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Employee personnel files — what should and shouldn’t be included

BMT Office Administration

While some variance may occur between companies, certain papers commonly belong in these files and some definitely do not. Think of an employee’s personnel file as a history of the individual’s employment relationship with the company. Agreements related to the use of a company car or business credit card. Doctor’s notes.

Filing 121
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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. Recruitment documents Human resources departments should retain documents related to the hiring process, especially if you need to refer back to them later.

Filing 52
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Everything you need to know about geofencing time clocks

BMT Office Administration

Geofencing refers to creating a predefined virtual boundary that’s made using GPS, RFID (Radio Frequency Identification), Wi-fi, or cellular data signals. It could be an office, medical facility, or even multiple job sites in different locations. How Do Geofencing Time Clocks Work? hours per week due to time theft.

Payroll 59
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Usually, when you hear about 1099s during tax season, people are referring to IRS form 1099-NEC, the tax form that is sent to independent contractors in place of a W-2 form. Does the company control or have the right to control what the worker does and how the worker does his or her job? What is a 1099? How to fill out a 1099 vs a W-2.

Payroll 52
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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? Creating an effective documentation retention policy involves reviewing company and human resources requirements, state law, federal law, industry and governmental regulatory requirements, and insurance policies. Per the U.S.

Policies 105
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Stay organized and secure with electronic records management

BMT Office Administration

She also explained that the only items she actually tossed were some electronic mail printouts from last year that were originally sent to the account of a person no longer with the company. Many serve as supporting evidence when the company files taxes or gives reports to other federal agencies. The need for company policies.