{"id":1609,"date":"2019-03-15T16:25:09","date_gmt":"2019-03-15T08:25:09","guid":{"rendered":"https:\/\/www.pacificprime.sg\/blog\/?p=1609"},"modified":"2023-08-04T17:08:48","modified_gmt":"2023-08-04T09:08:48","slug":"gdpr-employee-benefits-explained-guide","status":"publish","type":"post","link":"https:\/\/www.pacificprime.sg\/blog\/gdpr-employee-benefits-explained-guide\/","title":{"rendered":"GDPR and Employee Benefits explained in our newly released Guide!"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The European Union\u2019s GDPR rules came into effect in May 2018 and dramatically changed the way companies in and outside of the EU handle personal data of EU citizens. What should Human Resources departments in Singapore know when it comes to GDPR compliance? In Employee Benefits sphere, too, there are certain GDPR compliance risks and guidelines on how to handle employee data across a wide range of interests. Understanding how to do it is imperative, as non-compliance can cost companies significant amounts. To help address these concerns, <\/span><a href=\"https:\/\/www.pacificprime.sg\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Pacific Prime Singapore<\/span><\/a><span style=\"font-weight: 400;\">\u2019s newly released GDPR and Employee Benefits Guide covers the matter transparently and straightforwardly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Download our free <\/span><a href=\"https:\/\/www.pacificprime.com\/corporate\/resources\/gdpr-guide\/\" target=\"_blank\" rel=\"noopener\"><b><i>GDPR and Employee Benefits Guide<\/i><\/b><\/a><span style=\"font-weight: 400;\"> today to learn in what way Singapore companies are affected by the changes, and how you can mitigate the risks associated with handling employee benefits plans in your organization.<\/span><\/p>\n<style type=\"text\/css\"><!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--><\/style>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\"><div class='code-block code-block-4' style='margin: 8px 0; clear: both;'>\n<p><a href=\"https:\/\/www.pacificprime.sg\/plans\/group-health-insurance\/?campSource=PPSG-Blog&utm_source=blog&utm_medium=content_banner&utm_campaign=banner&utm_content=corporate\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-775\" src=\"https:\/\/www.pacificprime.sg\/blog\/wp-content\/uploads\/2024\/07\/SEO-Baner-Corporate.webp\" alt=\"Corporate insurance banner\" width=\"1138\" height=\"493\" \/><\/a><\/p><\/div>\n<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What is GDPR? <\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The purposes of the GDPR regulation are to ensure the free flow of personal data between the EU Member States, and to introduce rules according to which the processing of personal data is standardized throughout the European Union. GDPR also concerns all businesses who are located outside of the EU but process\/handle the data of citizens from the EU. <\/span><\/p>\n<h3><span style=\"font-weight: 400;\">The importance of GDPR compliance in your firm <\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Having any employees from the EU employed in Singapore also means the need for compliance with the European Union\u2019s GDPR. Handling personal data of the EU citizen, be it for strictly internal purposes like record keeping and recruitment, or arranging employee benefits and handing the data to the third parties (such as insurers, or <\/span><a href=\"https:\/\/www.pacificprime.sg\/blog\/2018\/02\/16\/employee-benefits-consultant-might-need-one\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">insurance brokers<\/span><\/a><span style=\"font-weight: 400;\">) imposes risks to the company. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Administrative penalties for failure to comply with the regulation may amount to up to EUR 20 million or 4% of the total (global) revenue of the company, whichever is higher, or result in a blockage of data, so the stakes for non-compliance are high.<\/span><\/p>\n<style type=\"text\/css\"><!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--><\/style>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:4609,&quot;3&quot;:{&quot;1&quot;:0},&quot;12&quot;:0,&quot;15&quot;:&quot;\\&quot;Arial\\&quot;,\\&quot;sans-serif\\&quot;&quot;}\"><div class='code-block code-block-8' style='margin: 8px 0; clear: both;'>\n<p><a href=\"https:\/\/www.pacificprime.com\/cost-of-health-insurance-2023\/?campSource=PPSG-Blogutm_source=blogutm_medium=bannerutm_campaign=Blog_Bannerutm_content=COHI23\" target=\"_blank\" rel=\"noopener\"><img class=\"alignnone size-full wp-image-780\" src=hhttps:\/\/www.pacificprime.sg\/blog\/wp-content\/uploads\/2023\/06\/COHI-2023-WP-banners-Version-03.jpg\" alt=\"Cost of Health Insurance 2023 banner\" width=\"1138\" height=\"493\" \/><\/a><\/p><\/div>\n<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What\u2019s inside our <\/span><i><span style=\"font-weight: 400;\">GDPR and Employee Benefits Guide<\/span><\/i><span style=\"font-weight: 400;\">?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Pacific Prime&#8217;s latest guide was created as a handy resource for companies who store\/process personal data belonging to EU\/EEA clients\/employees to understand how GDPR laws affect their line of business, especially in terms of handling employee benefits and associated data. In the guide, managers and HR professionals can find answers to most commonly asked questions about <\/span><a href=\"https:\/\/www.pacificprime.com\/corporate\/resources\/gdpr-guide\/\" target=\"_blank\" rel=\"noopener\"><b><i>GDPR and Employee Benefits<\/i><\/b><\/a><span style=\"font-weight: 400;\"> compliance, such as: <\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">What is GDPR and who does it apply to?<\/span><\/li>\n<li><span style=\"font-weight: 400;\">What are the key GDPR terms HR professionals need to know?<\/span><\/li>\n<li><span style=\"font-weight: 400;\">What are the consequences of non-compliance with the GDPR?<\/span><\/li>\n<li><span style=\"font-weight: 400;\">How does GDPR impact global employee benefits plans?<\/span><\/li>\n<li><span style=\"font-weight: 400;\">How can your business mitigate GDPR risks?<\/span><\/li>\n<li><span style=\"font-weight: 400;\">How Pacific Prime can help?<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Understanding the risks and ways to comply with GDPR in relations to employee benefits in Singapore is necessary as the fines imposed by the EU can reach you even in Singapore. <\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Get a copy of our<\/span><b> GDPR and Employee Benefits Guide<\/b><span style=\"font-weight: 400;\"> today!<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Avoid paying hefty fines or risking losing access to valuable data protected under GDPR by learning more about the regulation and its correlation to EB by downloading Pacific Prime\u2019s free <\/span><a href=\"https:\/\/www.pacificprime.com\/corporate\/resources\/gdpr-guide\/\" target=\"_blank\" rel=\"noopener\"><b><i>GDPR and Employee Benefits Guide<\/i><\/b><\/a><span style=\"font-weight: 400;\"> today! <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Beyond that, we explain how partnering with a global employee benefits broker, such as <\/span><a href=\"https:\/\/www.pacificprime.sg\/\" target=\"_blank\" rel=\"noopener\"><b>Pacific Prime Singapore<\/b><\/a><span style=\"font-weight: 400;\">, can ease many of the GDPR weak points in the employee benefits plan that you are currently offering. Our partners include the most reputed and GDPR-compliant insurers to guarantee that the employee benefits solutions we offer to our clients are compliant and that the employee\u2019s data is adequately protected. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">To learn more about how Pacific Prime Singapore can help you, feel free to <\/span><a href=\"https:\/\/www.pacificprime.sg\/contact-us\/\" target=\"_blank\" rel=\"noopener\"><b>contact us<\/b><\/a><span style=\"font-weight: 400;\"> for a free quote and free, impartial advice today!<\/span><\/p>\n<style type=\"text\/css\"><!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--><\/style>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\"><div class='code-block code-block-7' style='margin: 8px 0; clear: both;'>\n<p><a href=\"https:\/\/www.pacificprime.com\/corporate\/?campSource=PPSG-Blog&utm_source=blog&utm_medium=cta_banner&utm_campaign=banner&utm_content=corporate\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-780\" src=\"https:\/\/www.pacificprime.sg\/blog\/wp-content\/uploads\/2019\/06\/PPSG_Bus_01.jpg\" alt=\"Business Insurance banner\" width=\"1138\" height=\"493\" \/><\/a><\/p><\/div>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Union\u2019s GDPR rules came into effect in May 2018 and dramatically changed the way companies in and outside of the EU handle personal data of EU citizens. What should Human Resources departments in Singapore know when it comes to GDPR compliance? In Employee Benefits sphere, too, there are certain GDPR compliance risks and &#8230;<\/p>\n","protected":false},"author":23,"featured_media":1610,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2,6],"tags":[1033,765,1104,112,766,630,760,902,1102,910,1103,911],"class_list":["post-1609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insurance","category-news","tag-ban_cohi","tag-ban_cor","tag-compliance","tag-corporate-medical","tag-cta_cor","tag-employee-benefits","tag-employee-benefits-consultant","tag-gdpr","tag-gdpr-and-employee-benefits-guide","tag-gdpr-compliance","tag-gdpr-guide","tag-gdpr-regulation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GDPR and Employee Benefits explained in our newly released Guide!<\/title>\n<meta name=\"description\" content=\"Should GDPR and Employee Benefits concern companies based in Singapore? Of course! Pacific Prime&#039;s new guide explains why!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pacificprime.sg\/blog\/gdpr-employee-benefits-explained-guide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GDPR and Employee Benefits explained in our newly released Guide!\" \/>\n<meta property=\"og:description\" content=\"Should GDPR and Employee Benefits concern companies based in Singapore? Of course! 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