Podcast
Questions and Answers
What is the required retention period for training and competence records of individuals who left the firm?
What is the required retention period for training and competence records of individuals who left the firm?
- 5 years (correct)
- 10 years
- 3 years
- 7 years
If an individual left the firm three years ago, when will their training and competence records no longer be required to be retained?
If an individual left the firm three years ago, when will their training and competence records no longer be required to be retained?
- In 2 years
- Next year
- In 7 years
- In 5 years (correct)
Which of the following periods is NOT a valid option for retaining training and competence records according to the specified guidelines?
Which of the following periods is NOT a valid option for retaining training and competence records according to the specified guidelines?
- 3 years
- 5 years
- 10 years
- 8 years (correct)
In which of the following scenarios would the training and competence records be retained for the longest duration?
In which of the following scenarios would the training and competence records be retained for the longest duration?
What would be the consequence of not retaining training and competence records for the required period?
What would be the consequence of not retaining training and competence records for the required period?
Flashcards
Retention Period for Training and Competence Records
Retention Period for Training and Competence Records
The length of time that a company must keep training and competence records of former employees.
Training and Competence Records
Training and Competence Records
This refers to the collection of documents, reports, and other information that demonstrate the training and skills an employee has acquired.
Training Records
Training Records
This includes any formal training programs, workshops, conferences, or on-the-job instruction that a former employee has participated in.
Competence Records
Competence Records
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Retention Requirements for Training and Competence Records
Retention Requirements for Training and Competence Records
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Study Notes
Training and Competence Records
- Training and competence records for individuals must be retained for a specified period after they leave the company.
- The retention period is 3 years.
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