Records retention is the term applied to the safeguarding of important records that document decisions, policies, financial activities, and internal controls. Jimmy's Jumbo Hotdogs has been in business for a year and their records are a mess. There is no logic to what is thrown out or what is saved. You have just been hired as his Human Resources Manager. Create a plan for how long you save documentation. Make sure you address: Tax laws Department of Labor Fair Labor Standards Act EEOC and any other laws required. Include: Medical documents Payroll information Resumes Tax forms etc. Include how documents are disposed of after they legally can be disposed. Include in your policy why it is important to save these documents