The first major EU data regulation, the General Data Protection Regulation (GDPR) comes into effect May 25, 2018. Designed to give individual citizens control over their digital data, the GDPR directly impacts the way companies grow and scale their operations worldwide.
When the GDPR goes into effect, companies within the EU, companies that provide goods and services to EU citizens, and companies with EU employees or workforce will all have to ensure complete compliance or risk fines of up to 20 million euro.
To do so, companies can no longer rely on traditional emails and excel file to transfer digital data and must have a compliant solution that protects personal information and ensures data is collected, stored and managed in a secure way.
The best way to do that is by having a global workforce management platform that is already GDPR compliant; and that’s where Papaya comes in.