Six startling statistics about GDPR
In May 2018, a new European data protection law, the General Data Protection Regulations (GDPR) will come into force. The new law will see how personal data is managed and processed change for ever. Most, if not all businesses will be affected by this change.
A recent study sheds some light on how people are feeling (or not) towards GDPR.
- 44 per cent do not know what the GDPR is: so that’s just under half of HR and payroll professionals are not aware of GDPR. Ultimately, we can presume that those respondents are not be taking essential steps to prepare for the deadline.
- 77 per cent HR and payroll professionals believe they are liable. Although, 23 per cent either don’t think they are or are unsure as to their own liability.
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- 83 per cent believe their internal HR team has the experience and information required to be GDPR compliant.
- 81 per cent think they will be fully GDPR compliant by the May 2018 deadline. 19% believe that either they won’t be fully GDPR compliant or are unsure. Shockingly, this means that one fifth of businesses are likely to not be compliant before the May deadline.
- Slightly over half (55 per cent) of respondents believe that GDPR is a risk to HR and payroll departments, with just under 40 per cent believing that GDPR is not.
- 71 per cent of people in the HR and payroll departments agreed that "improved data security" would be the biggest benefit from GDPR.
BrightPay is exhibiting at Accountex, Stand 430
