CCB’s next business networking event will discuss the upcoming GDPR and employment law changes and ask should businesses be doing more to prepare?
A recent study found that 37% of global businesses were unsure if they needed to comply with the General Data Protection Regulation (GDPR) – the most important change in data privacy regulation in 20 years, which comes into force in May 2018.
Organisations found to be in breach of the regulation can expect administrative fines of up to 4% of annual global turnover or €20 million for the most serious infringements – whichever is greater.
2018 is also expected to bring with it a number of employment law changes, including changes to tax treatment of termination payments, gender pay gap report deadlines and shared parental leave extended to grandparents.
To help businesses across Cornwall get up-to-speed with these impending changes, Cornwall College Business (CCB) is holding its next free-to-attend Business Networking Breakfast at The Business Space, Truro on November 23, with guest speakers from law firm Foot Anstey, and IT support service provider, Bluegrass.
Sally Foard, head of CCB, said: “It is incredibly important that businesses are proactive in understanding what these new regulations mean for them, identifying potential risks and the changes that need to be made in the workplace.
“2018 will soon be upon us, staying on the right side of the law whilst remaining competitive is going to be a major focus for many businesses next year.”
For more details, click here.