Execution Is Everything
A recent survey showed an interesting split between attitude and action when it comes to data retention and disposition.
Apparently, most organizations don’t follow their own advice. A whopping 87% believe a formal records retention policy would allow them to delete unnecessary information. Yet fewer than half actually have a formal information retention plan in place.
I see this all the time: Having a disposal schedule is not enough. You must adhere to the policy you establish as a standard business practice. Because in the event of a lawsuit or audit, NOT following your own policy could result in a seriously negative outcome.
Simply having some sort of disposal policy will not insure a successful outcome from an audit or lawsuit. Following your policy is much more likely to produce a favorable result.
Think about the famous George Patton quote about a good plan executed today being better than a perfect plan executed at some time in the future.
It’s less important to have a perfect policy. It’s more important to execute the policy you have.
If you’d like some professional advice about writing or executing a records disposal policy, please give me a call: (513) 721-FILE.
Frank J. Albi
