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"Compliance as a Catalyst: How Regulations Shape Our HCM Solutions

... Strategies for Success

Companies can’t afford to take a passive stance when it comes to compliance.

Besides legal obligations, a duty of care to your employees needs to be a driving force behind your active approach to data security.

To ensure adherence to applicable compliance regulations, a business should consider:

Legal Expertise

Invest in guidance from specialists in data privacy laws to ensure you have all the right information. Compliance regulations are shifting sands, and professional support can keep you in the clear.

Invest in Technology

While duty of care will always remain with the data controller, technology like our HCM solutions, can provide a simple and secure way to manage your data while maintaining compliance with differing regulations.

Robust encryption, secure data handling, and auditable processes all present a compelling solution to the data compliance problem.

Compliance Super-Charges Change

There’s no doubt that compliance is a headache – a necessary but challenging obstacle to global business. But these obstacles present our industry with a catalyst for innovation – a space for us to demonstrate our expertise and excel where it matters. In delivering HCM solutions that address the data privacy issues of today, but with a keen eye on tomorrow.

At Grosvenor Technology, we understand the vital role compliance plays in the success of businesses worldwide. We designed our solutions to help simplify the complexities of data protection regulations.

To discover more about our HCM solutions, click here."

https://www.grosvenortechnology.com/insights/compliance-as-a-catalyst-how-regulations-shape-our-hcm-solutions/

New on Grosvenor Technology's website, another excellent article from Paul Smith, Head of Quality & Compliance:-

"Insights

Compliance as a Catalyst: How Regulations Shape Our HCM Solutions

In today’s rapidly evolving digital landscape, compliance with data protection laws has become ever more vital.

Paul Smith

Head of Quality & Compliance

In today’s rapidly evolving digital landscape, compliance with data protection laws has become ever more vital. But despite the swift and severe consequences of breaching those regulations, many organisations still fall foul. A recent report suggests that UK businesses faced over £42 million in GDPR fines in 2022. And while some of those incidents will be malicious, many are due to data mismanagement, poor processes and misunderstanding obligations.

So, we find ourselves examining the growing importance of robust data protection measures and how these regulations are driving innovation in our sector.

The Global Regulatory Landscape

Regulations around data privacy exist in all corners of the globe – from Europe’s General Data Protection Regulation (GDPR) to the stringent Biometric Information Privacy Act (BIPA) in Illinois to the newly tightened California Privacy Rights Act (CPRA). Navigating these regulations can present a tangled web of legislation and requirements, particularly as many have varying degrees of data protection, differing consent requirements, and even conflicting rules between jurisdictions. For those businesses operating across the globe, there are many challenges to maintaining compliance. That is unless they adapt and invest in technology that can ensure they remain compliant wherever they do business.

How Regulations Impact Technology

Compliance fundamentally shapes how technology is designed and developed. Understanding the needs of the outcome creates the environment for development. For example;

• GDPR’s ‘Privacy by Design’ puts data protection through technology design front and centre. This concept led to a swathe of encryption solutions and secure data storage strategies – it is now far more common to see data protection hard-baked into products and services.

• BIPA’s Influence on Biometrics: While data capture caused waves, biometric data collection created a tidal wave of questions and concerns. The challenges led to innovation—some of which are at the heart of our HCM solutions—in facial recognition and fingerprint technology.

• Flexibility with Function: Since many businesses investing in HCM solutions work across different regions, their tech needs to provide a way to manage differing regional compliance requirements. The ability to adjust data protection levels, consent procedures, and other aspects based on the location of its users is quickly becoming critical. ..."

https://www.grosvenortechnology.com/insights/compliance-as-a-catalyst-how-regulations-shape-our-hcm-solutions/

A little ramp from me, why not, I've not been wrong to date....

Just a week or two away from the FY trading update. I'm expecting very good things in this update on the 2H and I expect them to provide a confident looking outlook for FY25. I'd expect us to break 100p following the update, hit some resistance there (as some sell for a profit) but then move further upwards. An £8m business is about to declare significant profits for FY24 and a very confident outlook to FY25. A re-rate to a £20m valuation is on the cards. Last chance to buy at these levels...

And new on Grosvenor's website, individual articles on the first two of these exhibitions:-

"Insights

Grosvenor Technology to Showcase Innovative Security Solutions at The Security Event 2024

Explore our security solutions on stand H/135.

Ben Lagden

Commercial Director

Grosvenor Technology will exhibit at The Security Event 2024, which will be held from 30 April to 2 May 2024 at Birmingham NEC. Attendees can explore our innovative portfolio of security products and technologies by visiting stand H/135. ..."

https://www.grosvenortechnology.com/insights/grosvenor-technology-at-the-security-event-2024/

"Insights

Grosvenor Technology at the First HR Technology Europe

Meet the team on stand 329

Ben Lagden

Commercial Director

Grosvenor Technology is delighted to exhibit its cutting-edge HCM devices at the first HR Technology Europe event, which will be held from 2 to 3 May 2024 at RAI in Amsterdam. ...

How HCM Technology Can Transform Workforce Management ...

Grosvenor’s Commercial Director, Ben Lagden, commented: “HR Technology Europe is the perfect place to demonstrate how Grosvenor Technology solutions are transforming the way companies manage their most valuable asset – their people. We’re excited to help HR leaders worldwide streamline processes and unlock the power of data.” ..."

https://www.grosvenortechnology.com/insights/grosvenor-technology-at-the-first-hr-technology-europe/

New on Newmark's website, details of an impressively active May-June of exhibitions for Grosvenor Technology:-

"Insights

An Eventful Season For Grosvenor Technology

As part of Newmark Security, Grosvenor Technology is gearing up for a busy exhibition season showcasing its industry-leading security and workforce management solutions worldwide. From Birmingham to Amsterdam to Chicago, the Grosvenor team is demonstrating the power of its technology designed to transform workplace operations.

This spring, you can meet key team members at:

• The Security Event 2024 (Birmingham NEC, April 30 – May 2)

• HR Technology Europe (RAI, Amsterdam, May 2-3)

• CIPD Festival of Work 2024 (ExCel, London, 12-13 June)

• SHRM Annual Conference and Expo (Chicago, June 23-26)

What’s Happening At The Shows?

Attendees will experience the simplicity and power of Grosvenor Technology’s solutions, which are designed to enhance workplace security and streamline operations.

Highlights include:

• Integrated HCM Solutions: Discover how Grosvenor’s comprehensive HCM solutions seamlessly optimise workforce management processes, empowering businesses with data-driven insights and control over costs.

• JanusC4 Access Control: Explore the robust and intuitive access control system designed to offer advanced security measures and effortless management for facilities of any size.

• Live Demonstrations: Experience the intuitive functionality of the solutions with live demonstrations and the chance to ask our team any questions.

Technology to Elevate Your Security

Grosvenor Technology’s solutions have been engineered to meet the evolving demands of the modern workplace, providing exceptional capabilities like:

• Advanced Access Control: Control and monitor access with precision, integrating seamlessly with your security systems for centralised control.

• Streamlined Workforce Management: Simplify time and attendance, scheduling, and compliance processes.

• Data-Driven Insights: Facilitate informed decision-making with real-time reporting and analytics.

• Scalability: Adapt and grow alongside your security needs with our flexible systems.

Building strong relationships within the industry is essential to Grosvenor Technology. These events enable collaboration with the people we serve, demonstrating how innovative solutions can be a true asset to their work."

https://newmarksecurity.com/insights/an-eventful-season-for-grosvenor-technology/