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How long after an employee's termination should a company maintain the employee's time card?
One year
Two years
Three years
Four years
The correct answer is: One year
A company should maintain an employee's time card for at least one year after their termination to comply with various labor regulations and ensure accurate record-keeping. This timeframe allows for the possibility of resolving issues related to wage disputes, unemployment claims, or any other legal matters that may arise post-termination. Keeping time cards for one year provides sufficient evidence of hours worked and wages earned, which is critical for protecting both the employee's rights and the organization's interests in case of litigation or audits. It’s important to note that although some records may need to be kept longer for different compliance requirements, the one-year period is a standard practice in many industries as it balances efficiency and legal protection.