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Employee time cards should be kept for at least two years. For  employee leave and absences, records should be kept for at least  three years.ederal Law Federal law requires you to keep application records of non-hires for one to two years and hired employees for one year. The time period is affected by your compa â¦ ny size and type of organization, including affirmative action.
Do you mean how long do they need to keep individual time cards...clearly a base payroll record....but worthless after no time...and it would cost zillions in storage fees to keep them very long. So, they really need to keep them for as long as anyone involved might care. As a rule of thumb, 7 to 10 years is standard.