L ike so much of the world today (if you don’t believe me, try to have a text conversation with your teenager!) the contingent labor industry is rife with acronyms or, as I like to call them (TLAs – three letter acronyms)!
We talk about VMS, MSP, SOW, TTF, CWM, P2P, and so many more. It can be overwhelming for people that our new to our world and we, as members of the extended ecosystem that supports it, have a duty to educate people on what these TLAs mean.
There’s a new acronym – this time with four letters, that you, your program, and your company need to be aware of. That acronym, of course, is GDPR. GDPR stands for “General Data Protection Regulation” and is a new law in the EU (European Union) that goes into effect on May 25, 2018. GDPR is a comprehensive and complicated regulation that is designed to protect data and personal privacy for EU citizens and residents. Its primary aim is to give citizens and residents control over their personal data regardless of where they are in the world or where that data is stored. For more information on GDPR, check out either https://en.wikipedia.org/wiki/General_Data_Protection_Regulation or https://www.eugdpr.org/. Organizations that don’t comply with GDPR are subject to large fines.
Beeline is compliant with GDPR throughout our business. Specifically, our VMS platforms (Beeline VMS and IQN VMS) comply with requirements regarding the right to be forgotten and data retention. If you’re a current client or partner and want more information about this, please go to the Beeline Community or contact your Beeline relationship manager.
My question for you is this: Is your program compliant with GDPR? If you’re not managing all of your non-employee workers in your VMS-enabled program, it is possible that it is not. Without an automated and auditable solution how can you be sure that you erase someone’s personal data when you’re asked to do so? At Beeline’s recent client conference, a number of clients talked to us about this realization – if their program isn’t capturing all of their non-employees then they are not compliant and are exposing themselves to the risks (and costs) of non-compliance.
As a result, these clients are working with us to enact plans to capture all of their non-employee workforce – regardless of spend type or geography – in their programs. If you’re concerned about this for your company, Beeline has a variety of tools and resources that can help – reach out to us for more information. TAFN, TTYL!