With severe non-compliance penalties of EUR20 million or 4% of worldwide turnover, GDPR will make organisations more accountable for their approach to data and the changes must be given appropriate consideration. However, whilst there are significant financial and reputational implications for failing to comply with the changes, it is not all doom and gloom. Instead, rather than focusing on the burden of preparing for GDPR and the penalties associated with breaches, the new rules can be viewed as an opportunity to enhance working practices and the quality of data stored.
Compliance with GDPR will foster a culture of data confidence among an organisation’s clients and candidates. Moreover, a greater level of transparency and accountability for information held and transferred will enhance working practices. GDPR is an opportunity to enhance the quality of data held as the changes will ensure businesses invest more time in thinking about the data that they capture, its future use and how it is stored and transferred. Adhering to GDPR is a demonstration of the quality of your operations and will strengthen relationships with clients and candidates through a greater level of transparency and increase confidence that you adhere to the highest standards.
Partnering with the right technology provider
At Invenias, we are committed to working in partnership with our customers to ensure a streamlined journey to compliance. Our customers benefit from data protection being at the heart of the design, build and operation of our technologies. Whilst the changes do not come into effect for over a year, investing time in understanding and planning for the legalisation now will ensure that any required changes can be carefully considered and that GDPR will cause minimal disruption to your organisation.
For a more detailed overview of new regulations, visit www.ico.org.uk.
Adhering to GDPR is a demonstration of the quality of your operations and will strengthen relationships with clients and candidates through a greater level of transparency and increase confidence that you adhere to the highest standards.