GDPR: Opportunity for businesses across the globe?

Why we should be embracing the GDPR

GDPR is around the corner and what an opportune time for businesses across Europe!

That’s right, you heard us correctly. The GDPR may be causing meltdown among many businesses, but we should be embracing the change to the Data Protection Act for its push to make companies more transparent!

On May 25th 2018 the General Data Protection Regulation (GDPR), will be enforced, superseding the Data Protection Act and permanently changing the way you collect, store and use customer data. Stricter guidelines on how companies process consumer data are affecting prospecting and marketing activities. As a result, companies are frantically searching for immediate solutions to comply with the latest regulations. But are we over-reacting and shouldn’t we be seeing this change as an opportunity for the better?

Companies who show they value an individual’s privacy, promote transparency by sharing how data is collected, stored and used, and implement improved ways of managing consumer data, build deeper trust and meaningful relationships with customers, suppliers and stakeholders.

Not only this, they become a company whose reputation is based on people rather than data!  As the CEO of WFA exclaims:

“GDPR represents a great opportunity to adopt a mindset of ‘people first’ rather than ‘data first’ across the entire organization. Adopting a more respectful approach to personal information can only build trust.”

But how can businesses embrace this change?

Like with all change management scenarios, the key to compliance change is to plan ahead. It’s about outlining the positive and negatives and identifying actions to accommodate both.

New research by the World Federation of Advertisers found that 95% of respondents thought that implementing the GDPR is important for their organisation and over 70% found that it was critically important.

But how does the GDPR offer opportunity to EU businesses?

Not only does the GDPR push companies into qualifying their current data, re-evaluate marketing activities and push for more meaningful relationships with audiences; it will also make it easier for companies, big and small, to do business across the EU. The GDPR has the potential to:

  • Remove undue administrative requirements including non-sensitive data processing tracking
  • Relax the need for SME’s to employ a Data Protection Officer unless legally necessary
  • Improve data control and quality, brand and reputation and thus, creating more transparent, honest and reliable companies
  • Increase visibility and offer competition opportunities for SME’s through the GDPR’s right to data portability. A clause which, firstly, makes it easier for potential customers to transfer personal data between service providers. Secondly, it opens the doors for new providers and reduces the painful transfer or resubmission of data from customer to supplier.
  • Reduced maintenance expenses, helping companies cut costs by retiring any data inventory software and legacy applications that are no longer relevant.
  • Better align businesses with evolving technology, allowing companies to easily locate, anonymise and report more securely and effectively.

Opportunity for re-connecting?

By pushing companies to contact, respond and respect their audience, offers opportunity for re-connecting.  As Philippe De Backer, Belgium’s Secretary Of State for Privacy advises:

“It’ll help businesses better identify opportunities. The GDPR is about enabling companies to know what data they have and securing that data. It is also about managing that data effectively to enable them to identify new business opportunities. The GDPR has the potential to go a long way in rebuilding trust. Trust which many consumers have lost in digital companies.”

Have your say and tweet us @ClearVoiceComms

At ClearVoice™, we are experts in delivering employee communication and engagement solutions. We inspire, motivate and transform your workforce to increase your company’s productivity and profits. For more information or help with compliance change management or digital transformation, call or email us today and let us show you how engagement can boost your company.

How GDPR will affect your business

What is GDPR?

GDPR is EU’s General Data Protection Regulation, a new directive that will enforce businesses to install stronger data security and privacy rules for protecting personal data.  These regulations supersede any previous legislation and will come into force in May next year.  Failure to comply can result in fines of up to 4% of global annual turnover!

As 2017 has already become a frantic scramble to prepare for next year’s GDPR, we provide a rundown of who the regulations affect and how you can prepare for the milestone.

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The GDPR applies to anyone who ‘controls or processes’ personal data in and outside the EU.  That includes profit-seeking companies to IT firms, charities to agencies.  The responsibility of handling data falls to both sides; those that collect and manage data and those who process and maintain data records.

 

How does it affect you?

The new regulations will force all companies to control and manage how and why they process personal data. Data can only be used for a specific purpose.  Once companies have achieved that purpose, they must delete the data.

What is personal data?

Personal data includes any information which can identify a specific person.  This includes economic, cultural or mental health information, IP addresses and the existing definitions covered under the Data Protection Act as it currently stands.

How do I get consent once the GDPR is in place? This is when good recording keeping comes into play!  All companies who ‘control’ personal data must keep a record of how and why they obtained that information; it must record how they will process it. And it must provide the opportunity for individuals to amend or check the data held on file; or withdraw consent at any one time.

The GDPR mandates that consent must be ‘freely given, specific, informed, and unambiguous’. You will no longer be able to have a pre-ticked box and opt-in based on inactivity.

Data breaches & penalties

If there has been a breach to the data you hold on file, you must contact your data protection authority, the Information Commissioner’s Office, within 72 hours of discovering the leak.  Companies who do not meet this time frame can face penalties of up to £10 million or 2% of their global annual revenue; whichever is greater.

Failure to comply with the new regulations can also incur penalties of up to £20 million or 4% of your global annual turnover – whichever is greater.

Don’t be caught out by the new regulations and prepare yourself for next year’s stringent regulations; giving you piece of mind and the reduced risk of astronomical fines.  To guide you through the process, read the full article here.

Have your say and tweet us @ClearVoiceComms

 At ClearVoice™, we are experts in delivering employee communications and engagement solutions. We inspire and motivate your workforce to increase your company’s productivity and profits. For more information on securing your data and how to manage the GDPR change, call or email us today and let us show you how engagement can boost your organisation.

How to recruit a Millennial

What is a Millennial?

The term ‘Millennial’ has taken over our social media channels, websites, intranet systems, even favoured online publications; but what are they and how can you get one?

Firstly, Millennials are people not a product!  The term ‘Millennial’ represents those born in the late 1970’s to the mid 1990’s.  Also coined as ‘Generation Y’ or the ‘Echo Boomers’ (offspring of the 50’s baby boomers); Millennials are employees who were ‘coming of age’ at the start of the new millennium.

Millennials are representing a generation which is incredibly sophisticated, technology savvy and often ‘immune’ to traditional sales and marketing pitches. They’ve seen it and been exposed to it all since early childhood.

Love it or hate it?

However, the term is slowly becoming intolerable, if not over used and has unfortunately, affected how companies recruit and expand. Suddenly, we are hearing that companies are reluctant to hire this generation; even if they have over 10 years of experience to bring to the table.

And the reason? The term has become Marmite: love it or hate it and no in-between!

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The term ‘Millennials’ has shifted from representing an age category; instead becoming a favoured term for debate; with audiences wanting to understand, analyse and dissect the term as if they are a separate species! If you are looking to recruit a millennial then your objective is off-centre.  Instead, assess what kind of candidate you need; the role you are advertising and the team you are trying to develop.  Use the recruitment process to improve your overall employer brand and not to compartmentalise an age group.

Millennials are people too: recruit as an individual and not as a term!

Quick guide to Millennial recruitment

With the right attitude and key objectives, we have developed a quick guide on what to do when recruiting a candidate:

Avoid assumptions and stereotypes: Often, Millennials are perceived to populate a small proportion of workforces when the reality is the opposite. It is projected to make up 50% of the workforce by 2020 and numbers will peak in 2036 at 81.1 million. Having a collective age range in the workplace encourages a more collaborative environment. Understand their skill sets and critical approach to brand loyalty, embrace their racial and ethnic diversity and evaluate how this can contribute to the company in its entirety.

Update, train and guide your managers: Whether it is for Generation X, Y or Z effective management will result in a more productive and receptive team. Provide regular training and continuous support to managers in helping them lead and manage teams which are diverse. Offer them guidance in acknowledging and utilising an individual’s strengths and motivations no matter what their age range.

Research and behavioural analysis: Unfortunately, a multitude of tools have emerged helping applicants to develop their CV’s which increase online visibility. Often these CV’s are a by-product of these tools rather than a true reflection of the candidate.

Use pre-employment interviews to encourage a more accurate overview of your applicant, helping to identify key motivators and strengths, customer service orientation and skill sets. This will also help develop your recruitment and selection process as well as any subsequent training packages.

Communicate your company’s culture: When developing your employer brand think about the environment your candidates will be working in. Your company culture should accommodate a multitude of ages and not be aimed at one selective group. A shift in engagement has encouraged companies to embrace a more collaborative and open environment. The recruitment process can help you assess how people view your company externally and how you are positioned against your competitors.

An attractive company makes for a more appealing employer

Millennial facts

And just for fun…here is a collection of ‘Millennial facts’ showing how age can be immersive instead of a hindrance:

  • 45 percent believe a decent paying job is a “privilege”, not a “right.”
  • 64 percent of Millennials would rather make $40,000 a year at a job they love than $100,000 a year at a job they think is boring.
  • 88 percent prefer a collaborative work culture rather than a competitive one.
  • 74 percent want flexible work schedules.
  • 80 percent of Gen-Y say they prefer on-the-spot recognition over formal reviews; they feel that this is imperative for their growth and understanding of a job.
  • 70 percent have “Friended” their managers and/or colleagues on Facebook.
  • 71 percent don’t always obey social-media policies at work.
  • Millennials are connected to an average of 16 co-workers on Facebook.
  • 69 percent believe office attendance is unnecessary on a regular basis.
  • 35 percent of employed Millennials have started their own business on the side to supplement their income.
  • 84 percent say that helping to make a positive difference in the world is more important than professional recognition.
  • 41 percent of Millennials have no landline at home and rely on their mobile phones for communication.
  • Millennials value community, family, and creativity in their work.

Have your say and tweet us @ClearVoiceComms

At ClearVoice™, we are experts in delivering employee communications and engagement solutions. We inspire and motivate your workforce to increase your company’s productivity and profits. For more information on how we can help with recruitment, on-boarding and retention of employees and Millennials, call or email us today and let us show you how engagement can boost your organisation.