The General Data Protection Regulation UK Spelling - Page 4

Will recent global political events impact on ex An overview of the GDPR and its impact on executive search The GDPR or the General Data Protection Regulation will come into force in May 2018 and will safeguard European Union citizens with respect to their data privacy rights. The legislation will impact all organisations that are either based in, or do business with, the EU. In essence, the legislation will give individuals greater rights and control over their data by way of consent as well as the power to access, rectify or erase information held and the right to be informed. There is no doubt the changes in the GDPR will have a significant impact on the executive search profession. Any firm that operates in the EU, has clients that operate in the EU, or that processes data on EU citizens are subject to these changes in legislation, regardless of where information is stored, whether it is held in emails, a database or in spreadsheets. The rules will have a similar impact on technology suppliers to the industry, with those who act as a data controller or data processor both bound by and required to comply with the changes to the GDPR. Executive search firms will have to demonstrate that their systems and technology are compliant. With severe non-compliance penalties of EUR20 million or 4% of worldwide turnover, the GDPR will make organisations more accountable for their approach to data and the changes must be given appropriate consideration. invenias powering your search for talent