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

BMT Office Administration

They create a document retention policy that clarifies what needs to be saved, where, and for how long. Sticking to a set record retention policy eliminates guesswork and promotes efficiency. Businesses and nonprofits of all sizes should possess a written-out document retention policy.

Policies 105
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Employee personnel files — what should and shouldn’t be included

BMT Office Administration

Records relating to promotion, demotion, transfer, or layoff. Health insurance forms. Payroll records for money or pay-related information such as: Timesheets. Pay authorization forms. Payroll deduction forms. Keep I-9 forms in a separate file. Employment agreements, such as confidentiality.

Filing 121
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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

For instance, if your employment records contain all the disciplinary actions and policy violations committed by the offending employee, you’ll have a better chance of defending your decision to terminate an employee in court. While it’s clear that you need to keep a separate file for each employee, which documents should you include in it?

Filing 52
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How to Maintain Your Company Culture Past the Startup Stage

Success

One answer is that as the company payroll increases, they cannot have a personal relationship with every employee and they lose sight of what’s happening below them. No longer can they maintain an open-door policy for all employees—there just isn’t time. Quick tempers promote a culture of fear. That requires communication.

Payroll 307
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What electronic record-keeping software best fits your needs?

BMT Office Administration

You may need to pull employment records to defend yourself against a wrongful termination lawsuit , verify compliance during a government audit, or simply review an employee’s history when considering them for a promotion. These tools typically include onboarding, payroll , benefits, timekeeping, and performance management functionality.

Filing 98
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Small Business Bootstrapping Techniques | THE SMALL BUSINESS BLOG

The Small Business Blog

Remember that business success often comes with experience and experience comes form making mistakes – bootstrapping will allow you to make mistakes and recover from them. he sold policies out of the trunk of his car for many years. One very unpleasant outcome of a small business venture is the failure thereof. – ST.

2007 100