What GDPR Means to Payroll
What does the introduction of GDPR mean for Payroll?
Last Friday, 25th May, the European Union (EU) brought the General Data Protection Regulation (GDPR) into force. This is one of the biggest changes to data protection rules over the last two decades, changing the way businesses collect, process, store, transmit and use two types of data: Personal data and, its subset, Sensitive data.
Although it is an EU regulation, its scope is far-reaching and will include many businesses and organisations operating outside of the EU. This is because GDPR is the first extraterritorial law that extends beyond the territory of the EU, applicable to any business that processes the personal data of an EU resident, regardless of whether the processing takes place in the EU or not.
Why does GDPR matter to payroll?
The main reason GDPR matters to payroll is because, under the new regulation, personal data includes that of employees. This means HR and payroll need to know and understand the new data privacy regulations set out and how they apply to employees.
To help payroll and HR navigate this complex landscape, Anij Janardhanan, Head of Global Compliance and Business Excellence at Ascender, has developed a definitive guide to GDPR.
In this guide, you will receive:
- An introduction to GDPR.
- The big changes APAC organisations need to be aware of what are the risks of non-compliance.
- How it’s different from current APAC regulations.
- How it applies to payroll.
GDPR is going to have a significant impact on the fact employees personal data is covered by the new regulation. As a result, this means getting on top of your data and ensuring you have partners in place that will help you navigate the changing regulatory landscape.