Employers have lots of information on their employees - for employee engagement and retention– from social security numbers to disciplinary records. It is impossible to keep everything indefinitely as part of employee engagement programs. Destroying documents too soon, however, will inevitably lead to serious consequences. When can you destroy documents safely and legally?
Save too many files, and your company will pay unnecessary storage fees. Accidentally destroy certain information and you could be vulnerable to costly fines with the DOL or unprepared in the event of a lawsuit.