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Understanding Record Retention Requirements for Employment Records

Retaining records is crucial in complying with laws like the Fair Labor Standards Act (FLSA). The duration for which records should be maintained varies according to specific regulations and statutory mandates. Generally, the application information must be kept for at least one year. This guide provides insights into the timelines and requirements for recordkeeping in employment contexts, detailing when the retention period starts and highlighting historic differences in mandates to help establish compliance.

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Understanding Record Retention Requirements for Employment Records

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    1. HOW LONG SHOULD RECORDS BE RETAINED?

    2. Skarlatos & Zonarich LLP 2 SHORT ANSWER: It varies.

    3. Skarlatos & Zonarich LLP 3 LONG ANSWER: Depends on Law Example: Fact Sheet #21: Recordkeeping Requirements under the Fair Labor Standards Act (FLSA) (See Appendix 3)

    4. Skarlatos & Zonarich LLP 4 WHEN DOES TIME START RUNNING?

    5. Skarlatos & Zonarich LLP 5 HISTORIC DIFFERENCE Statutory/Regulation Recordkeeping Mandates Establishing Compliance

    6. Skarlatos & Zonarich LLP 6 RECORDS ABOUT THE EMPLOYMENT STORY

    7. Skarlatos & Zonarich LLP 7 Application Information General Rule Retain at least one year

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