To briefly explain our methodology, Zasio takes each individual recordkeeping or records handling requirement and groups it into a citation by similar subject matter and/or retention period/handling requirement type. For example, if a law has requirements to keep accounting records for 3 years and human resource records for 5 years, Zasio captures these in two separate citations, one for each subject and retention period. This often results in creating multiple citations per law or regulation and provides enough granularity to allow citations to be accurately linked to individual record codes that exist in client records retention schedules.
Internationally, we added over 4,000 citations and updated over 5,500. Domestically, we added over 6,500 citations and updated over 5,500. Many of the new citations were added because we captured new laws that were enacted, but a significant portion were added because we are constantly expanding our jurisdictional scope and the industries we research. In addition, we have greatly expanded the types of recordkeeping handling requirements we capture.
Historically, most of the international research we conducted has been for custom research projects for our Consulting clients. However, in 2016 we also expanded our VR subscription offerings, which previously included the US and Canada, to now include Mexico. One of our goals for 2017 is to continue to expand our subscription offerings into Australia and Europe.
Overall, one of the biggest areas of growth in recordkeeping and handling law in 2016 ...
Author: Richard Surber, Senior Records Analyst at Zasio Enterprises, Inc.