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An inactive record is a record that is no longer needed to conduct current business but is being preserved until it meets the end of its retention period, such as when a project ends, a product line is retired, or the end of a fiscal reporting period is reached. These records may hold business, legal, fiscal, or historical value for the entity ...
A retention schedule is a listing of organizational information types, or series of information in a manner which facilitates the understanding and application of the identified and approved retention period, and other information retention aspects.
A retention period (associated with a retention schedule or retention program) is an aspect of records and information management (RIM) and the records life cycle that identifies the duration of time for which the information should be maintained or "retained", irrespective of format (paper, electronic, or other). Retention periods vary with ...
Chapter 29—Commissions, Oaths, Records, and Reports; Subpart B—Employment and Retention Chapter 31—Authority for employment; Chapter 33—Examination, selection, and placement; Chapter 34—Part-time career employment opportunities; Chapter 35—Retention preference, voluntary separation incentive payments, restoration, and reemployment
The Federal Records Act was created following the recommendations of the Hoover Commission (1947-49). [1] It implemented one of the reforms proposed by Emmett Leahy in his October 1948 report on Records Management in the United States Government, with the goal of ensuring that all federal departments and agencies had a program for records management.
Employee retention is the ability of an organization to retain its employees and ensure sustainability. Employee retention can be represented by a simple statistic (for example, a retention rate of 80% usually indicates that an organization kept 80% of its employees in a given period).
Long-term records are those with ongoing value to an organization. Retention periods may extend to 25 years or longer, with some records designated as “indefinite” or “permanent.” However, due to the impracticality of such retention, “permanent” is a rare designation outside of federal agencies. [8]
Records management professionals in designing comprehensive and effective records management programs. The principles identify the critical hallmarks of information governance, which Gartner describes as an accountability framework that "includes the processes, roles, standards, and metrics that ensure the effective and efficient use of ...