State and federal laws vary with regard to what records an employer must retain and for how long it must retain them. Although records need only be kept by employers who are covered by a particular law, it is wise for an employer to maintain records until it can establish that it need not comply with the recordkeeping requirements. Additionally, it is advisable to maintain records for current employees, even if under the applicable regulations the records are no longer required to be kept and to keep the records for 5-7 years after the separation of employment. The following provides general guidelines, but the laws themselves should be consulted to ensure your company is in compliance. Additionally, this summary does not include recordkeeping requirements for employers in certain regulated industries or occupations and it does not address recordkeeping requirements under environmental, banking, IRS or statutes other than those specifically identified below.