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The new company acquires the files. When you buy a company, you also buy everything that is owned by that company, which includes files.

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14y ago

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What happens to the employees when one company buys another?

The new company acquires the files. When you buy a company, you also buy everything that is owned by that company, which includes files.


What is the cost and the problem to a company when there are missing employee files?

Missing employee files can lead to a lawsuit if the files are misused by someone. Employee files contain personal information businesses must protect.


What happens to you if you get caught snooping in company files?

DEAD.


If a company files chapter 11 can an employee sue?

If they did chapters 1 through 10.


When a company files bankruptcy what happens to the union contracts?

They can be changed by the Court.


What happens to your wage garnishment when the company files bankruptcy?

your wages still garnished


What happens when a business is owed money by a company that files for bankruptcy?

Need the right answer


How is company data stored?

Company data, such as employee salaries, expenses, etc are usually recorded in Microsoft Word (documents), Excel (spreadsheets), or Access (databases) files.


What happens if you copy files to your computer from another computer?

Then you have more files on your computer, and less available space.


Who keeps a record of an employee's accomplishments?

Human Resources keeps files


Can you photocopy a driving license to be held on employee files?

Yes


How long do you keep deceased employee personnel files?

Deceased employee personnel files should typically be retained for a minimum of 3 to 7 years after the employee's death, depending on applicable laws and company policy. This timeframe allows for the resolution of any potential legal claims or disputes, as well as compliance with tax and benefits regulations. It's essential to consult with legal counsel to determine the specific retention requirements for your organization. After the retention period, files should be securely disposed of to protect sensitive information.