Recent Tweets

Follow Me on Twitter

Powered by Twitter Tools

Laura Matrisciano

Time to Take a Close Look at Your Data Privacy

Privacy Key

 

 

 

 

 

 

The General Data Protection Regulation also known as “GDPR” adopted in April 2016 and enforceable starting on May 25, 2018, is quite possibly the most important change in data privacy regulation in 20 years. So, what is this new regulation and how does it affect us?

 

The  GDPR is a European Union (EU) regulation  addressing data protection and privacy for personal information traveling in or through the EU.   In other words, this doesn’t only apply to organizations located in the EU, but all who transmit data from or to the EU. The GDPR aims primarily to give control to citizens and residents over their personal data and to simplify the regulatory environment for international business by unifying the regulation within the EU. The GDPR considers personal information to include any information about a real person, such as name, address, phone, email, websites, photos, medical information, birthdates, etc.

 

To be compliant, organizations need to provide evidence that personal data will not be shared with outside entities without the person’s consent.  Additionally, the individual must have the ability to opt-out of data sharing and be provided with free and accessible dispute resolution, from an independent recourse mechanism, should they feel their information is being shared unnecessarily and without their consent.

 

The GDPR also helps companies like XONEX provide our clients and their transferees with peace of mind that their data will remain safe in our hands.  As the concerns over privacy continue to grow, we anticipate more locations to require such assurances and remedies.  Therefore, we should be prepared to manage all data with the same scrutiny.  The GDPR compliance process is actually an excellent exercise to understand exactly what information is truly essential to assist your transferees or assignees, whether it is subject to the regulation or not.

 

The GDPR is backed up with stiff penalties for non-compliance. So, organizations committed to compliance must stay vigilant in their responsibilities.  Organizations found in breach of GDPR can be fined up to 4% of annual global turnover or €20 Million (whichever is greater).

 

As this extremely important regulation is about to come to fruition, it’s time to understand what steps should be taken.   Ask your relocation management company to provide you with an overview of the steps they are taking to ensure compliance.

 

Do you have any questions or concerns about the GDPR? If so feel free to contact your Chief Data Privacy Officer or your Relocation Management Company to determine next steps. As always XONEX is happy to review the steps we are taking to ensure compliance with you and help you understand this very important new regulation.

The Difference Between Tier 1 and Tier 2 Supplier Diversity Spend

Companies privy to the importance of implementing a Supplier Diversity Program seek to expand their programs to include both Tier 1 and Tier 2 spends. So what is the difference? Let me break it down a bit today.

Supplier Diversity: What & Why

We all know that supplier diversity is important, right? But ask yourself … do you really know exactly what that entails and more importantly, do you understand WHY it’s so vital for a percentage of a company’s annual spend to be centered on diverse suppliers? Simply put, a supplier diversity program is a business program that proactively encourages the use of minority-owned, women owned, veteran owned, LGBT-owned, service disabled veteran owned, historically underutilized business and Small Business Administration (SBA)-defined small business concerns as suppliers. Okay, that makes sense, right? But what’s this all about and why is it important?

HR Interview: Global Mobility

Frank Schuitema is the Director of Global Compensation for International Flavors & Fragrances Inc (IFF) in New York, New York. IFF is a leading global creator of flavors and fragrances used in a wide variety of consumer productsFrank Schuitema to millions of customers globally on a daily basis. Frank is responsible for the design, implementation, planning and administration of all non-executive compensation programs including job evaluation, benchmarking, market reviews, salary structure and variable pay and the administration of executive compensation programs. He also oversees the management of the global mobility program for IFF.

Expert Interview: Temporary Corporate Housing

Everybody within the relocation industry knows that temporary corporate housing plays a major role in transferee Kelly Reganexperience. Finding a new home at destination isn’t always a cake walk and for many, temporary housing is a vital benefit. A couple of weeks ago, I had the privilege of picking the brain of Kelly Regan, Executive VP of GO Furnished Housing. It’s so valuable to gain insight from our trusted vendor network here at XONEX and I knew that her experience in the corporate housing world would be valuable to not only those on the RMC side, but also those of you in HR and procurement.

Repatriation and Retention Lessons from FEM

Recently I attended the Forum for Expat Management 2015 NYC Roadshow. What an exciting buzz with many people in attendance from both the corporate and supplier side of global mobility! Everywhere I looked people were gathered together either at a roundtable event, a session, a supplier booth, or just in groups chatting about global mobility. One of my favorite panel sessions was “Repatriation, Localization, or Redeployment – Exploring the Best Succession Plans to Retain Top Talent.” The panel, moderated by Brian Friedman, Founder, FEM included Tricia Schneider, Director of Global Mobility, American Express; Melissa Sudano, Director of Global Mobility, CA Technologies; and Patricia Tavares, Global Mobility Regional Head – Americas, HSBC. Their combined expertise left me with several lessons but, today, I wanted to share some thoughts on repatriation and retention specifically.

Relocation Policies Across the Generations

I’ve written about Millennials and menu programs in the past and, as a team, we have certainly covered the generations in our EBooks. But, the discussion is important. As we all know, the makeup of the average assignee/transferee pool continues to change with the progression of the Millennials into the ranks and the exit of the Baby Boomers. For the first time ever, we have four generations working together – and that’s diversity that people rarely think about in the grand scheme of the diversity conversation.

Helpful Networking Tips for Everyone

Southeast Regional Relocation Conferences and EventsBack in September I attended the Southeastern Regional Relocation Council fall conference, one of my big relocation industry conferences and events. The whole event was a great learning experience, but one session in particular stuck with me. Heather Post from Etiquette Seed presented a session titled “Business Etiquette.” Her humorous style and high quality information regarding the importance of networking made for an incredible session. With holiday parties approaching and new goals being set, I thought it’d be great to take what I learned from her, and spread some helpful networking tips for everyone, in any industry.

Two Relocation and HR Lessons from the Worldwide ERC Conference

As you know, I recently attended the Worldwide ERC conference in Chicago, IL. I love leaving a conference with my head filled with new experiences, new friends and a whirlwind of new educational information. In addition to my learnings about big data and relocation, which I discussed in my last post, I also took away two recurring lessons that I want to share here. These lessons dominated my dinner table conversation so, clearly, everyone is thinking about it!

Can Big Data Bring Relocation into the Future?

Who out there went to the recent Worlwide ERC Global Workforce Symposium in Chicago? I think it’s one of the best relocation conferences and events every year. We had a great time in the “Windy” city, which has a lot of history, skyscrapers and great places to eat. Fun fact: did you know that the Hilton Chicago (where the conference was held) is a famous landmark that overlooks Grant Park, Lake Michigan, and the Museum Campus? It is also the third-largest hotel in Chicago and has the largest total meeting and event space of any Chicago hotel. The hotel has housed every president of the United States since its opening in 1927!

Search

MIKE CANNING
VP, Client Services

RICK CALANNI
VP of Business Development Northeast Region

 

Site Tags

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |