Do's and Don'ts of Records Retention and Destruction Policy
In this Record Retention & Destruction policy we come to know the process of organizing, saving, and destroying company records can be confusing even for a seasoned professional. 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. Courts are increasingly issuing significant fines against companies that have destroyed documents that were relevant to the litigation.