Too many businesses seem to be embracing Satchell Paige’s famous admonition: “Don’t look back, something might be gaining on you.”

The General Data Protection Regulation, the European Union’s new personal data privacy rules, takes effect May 28. And, with fewer than 10% of North American firms are fully prepared to comply with the regulation, according to new survey from data governance company Erwin, HR executives should be concerned.

The GDPR applies to any organization that processes personal data of citizens of the EU (including England), EU-based or not, and failure to comply could have hefty consequences: fines of up to 20 million Euros or 4% of annual revenue, whichever is greater.

Source: HR tech tools can help employers comply with GDPR | Employee Benefit News

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