Published by Gbaf News
Posted on May 31, 2018

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Gbaf News
Posted on May 31, 2018

HR and Payroll specialist MHR is reassuring organisations not to panic if they failed to meet last Friday’s deadline to be fully compliant with new General Data Protection Regulations (GDPR).
GDPR is the biggest change to data protection since the Data Protection Act 1998, providing people with greater control and choice over the personal data companies hold on them while imposing new greater obligations on organisations to be more transparent about the data they store and manage, with heavy fines in place for serious violations.
Despite months of scaremongering in the news and weeks of “privacy” emails flooding our inboxes, it is anticipated that most organisations will have failed to hit the GDPR deadline.
Lesley Holmes, Data Protection Officer at leading HR and Payroll specialist MHR advises businesses not to panic. She says: “If you failed to meet the GDPR deadline it is not too late to start your compliance journey.
“From an employer point of view the biggest priority is to tell individuals what you’re doing with their personal data and get your privacy notice done as soon as possible.
“As a first point of call you must identify what data you hold, why you collect it, what you do with it, the legal basis for doing so, how long you keep it for and who you share it with. By identifying the what, where, when, why and how, you can take your first steps towards compliance.
“If you can demonstrate high standards of data management, then you are well placed to improve your operations and build customer confidence and loyalty, not to mention the peace of mind that comes from knowing that you’re minimising the risk of a potential breach and the damage this can cause to your business.”
Top Tips for HR and business leaders to get GDPR compliant
Revise, rewrite, update
Act now
HR and Payroll specialist MHR is reassuring organisations not to panic if they failed to meet last Friday’s deadline to be fully compliant with new General Data Protection Regulations (GDPR).
GDPR is the biggest change to data protection since the Data Protection Act 1998, providing people with greater control and choice over the personal data companies hold on them while imposing new greater obligations on organisations to be more transparent about the data they store and manage, with heavy fines in place for serious violations.
Despite months of scaremongering in the news and weeks of “privacy” emails flooding our inboxes, it is anticipated that most organisations will have failed to hit the GDPR deadline.
Lesley Holmes, Data Protection Officer at leading HR and Payroll specialist MHR advises businesses not to panic. She says: “If you failed to meet the GDPR deadline it is not too late to start your compliance journey.
“From an employer point of view the biggest priority is to tell individuals what you’re doing with their personal data and get your privacy notice done as soon as possible.
“As a first point of call you must identify what data you hold, why you collect it, what you do with it, the legal basis for doing so, how long you keep it for and who you share it with. By identifying the what, where, when, why and how, you can take your first steps towards compliance.
“If you can demonstrate high standards of data management, then you are well placed to improve your operations and build customer confidence and loyalty, not to mention the peace of mind that comes from knowing that you’re minimising the risk of a potential breach and the damage this can cause to your business.”
Top Tips for HR and business leaders to get GDPR compliant
Revise, rewrite, update
Act now