Remove Definition Remove Filing Remove Forms Remove Payroll
article thumbnail

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

BMT Office Administration

Setting up employee personnel files is an important part of the recordkeeping process. However, sometimes people mistakenly think of these files as a catch-all for an individual’s paperwork. Rather, understand that general personnel files serve a distinct purpose. What to include in an employee’s personnel file.

Filing 121
article thumbnail

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

BMT Office Administration

While dealing with lots of paperwork doesn’t rank as most HR professionals’ favorite task, proper recordkeeping for employee personnel files is a must for any organization. In addition, if an employee is involuntarily let go, their employee file must be kept for one year following the termination date. Why is that?

Filing 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

How long do employers keep employee records?

BMT Office Administration

Otherwise, your organization could wind up in hot water if you’re subjected to an audit, which is something you definitely don’t want to deal with. Which Files Do You Need for Your Employees? In general, there are three types of employee files you should keep: Personnel files. Payroll files. Medical files.

Payroll 98
article thumbnail

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

BMT Office Administration

Keep copies of your filed tax returns permanently. Never dispose of a current employee’s Form I-9; you must keep it for as long as the employee works for you, and for a certain amount of time after they stop working for you. Only when an employee stops working for you should you calculate how much longer you must keep their Form I-9.

Policies 105
article thumbnail

Stay organized and secure with electronic records management

BMT Office Administration

Such a management system utilizes information technology to organize and store records in electronic form. Many serve as supporting evidence when the company files taxes or gives reports to other federal agencies. Electronic files allow approved people to get what they need regardless of where they are at. OSHA forms.

article thumbnail

Small Business Bootstrapping Techniques | THE SMALL BUSINESS BLOG

The Small Business Blog

Especially if your aim is to build a personal business, like contractors, freelancer, self-employed, sole-trader and virtual assistants , working from home , creating an income and keeping it small and manageable, then bootstrapping is definitely for you. One very unpleasant outcome of a small business venture is the failure thereof.

2007 100