Usually you get asked, if you want your call to be recorded or not, because the company wants to be safe, if anything in future happens (like going to law) - same for you.
You must be aware that you are able to choose between both options, if it's done without your approval, it cannot be used as evidence later.
The time varies from company to company/office to office, some save it forever, others for a certain time like a week, month or whatsoever.