Workplace Compliance Spotlight: What Employers Need to Know About The General Data Protection Regulation (GDPR)
Wherever you are in the world, if you do business in the European Union and handle EU residents’ data, the General Data Protection Regulation (GDPR) is set to introduce a whole new era of data governance and enhanced requirements on security and personal data processing activities.
GDPR represents the biggest change to data protection law in 30 years. Due to come into effect on May 25, 2018, it includes high penalties for non-compliance – up to 4% of a company’s worldwide revenue (or €20m; whichever is higher). So it’s little wonder that 33% of leaders like you are concerned about how data privacy and GDPR will affect their day-to-day business processes*.
Join us on September 12th with other business owners and finance execs like yourself for the next installment in our Workplace Compliance Spotlight webcast series and get critical insights on the upcoming GDPR legislation and its potential impact on your role and global organization, such as:
- Your new obligations as an employer doing business within the EU,
- What actions you can start to take now to minimize the turbulence ahead,
- And why many multinational companies are considering outsourcing their HR data processing to a cloud-based HCM provider as a way to mitigate the risk and compliance burden that GDPR brings.
ADP remains at the forefront of helping employers understand the complex compliance, financial, and strategic issues surrounding workforce management. Tap into our expertise to ensure you’re in the best shape possible for future workplace compliance changes that may come about along the way.
*IDC Executive Brief: "Cloud,Compliance and the Case for HR Transformation to Support Your HCM Strategy", 2017