The General Data Protection Regulation (GDPR) is a new EU regulation which comes into force on 25th May 2018. GDPR imposes broad rules to do with accountability, transparency and controlling and processing personally identifiable information. Depending on the size of your company, the penalty for being in breach of this regulation can be up to €20 million or 4% of annual turnover.
Many businesses are scrambling to ensure they are compliant before this deadline comes into effect, finding they have to make changes in how they process and manage data. Although compliance with GDPR is the most immediate priority, a company’s strategy for data protection should not focus on compliance but rather on all the benefits that come with having a strong data protection policy.
Initiafy is a perfect solution for your contractor management needs, particularly given the current focus on data protection. Traditionally, orientations were done using paper documents and spreadsheets that were kept on-site in filing cabinets. As more demands are made of employers in how this data is stored, the old system is becoming unsustainable given the difficulties in maintenance, retrieval and the potential consequences of an accident occurring on-site.
Initiafy moves this system online allowing for more robust data protection and a simpler way to achieve compliance with GDPR regulations. At Initiafy, we prioritize transparency and want to make it clear how we are managing and protecting your data.
Watch this Webinar Recording to Learn:
- Compliance: What GDPR means for you and your business and what steps you need to take to achieve compliance.
- Best practices for data protection: GDPR is not just a regulatory challenge. It’s an opportunity to make data protection a central part of your company’s operations.
- Initiafy makes it easy: An online contractor management solution is ideal for data protection challenges. Discover why moving your onboarding online might be the perfect fit for your business.
Ronan O’Sullivan is CTO of Initiafy and is responsible for the technical vision of the company and the platform. His main duties are the planning, implementation, and execution of all technical operations across the business