These tools will help reduce the HR daily employee data workload by Although 42 of our 50 states that have passed what are called, "data breach notification laws," Massachusetts is definitely leading the charge on the issue of safekeeping critical information, and seemingly, for all benefits reform in the U.S. Massachusetts has legislated that employee data encryption of all critical employee data be accomplished by 2010. This could save millions of dollars (and thousands of families) by virtually ending identity theft in the workplace. But is it worth the burden on corporations, both in time and financially? Are we asking too much? How are overtaxed, employee data understaffed employee benefits teams to accomplish this?
Although one of the biggest issues for employee data organizations and their employee benefits teams right now is that a critical data breach almost insures that you'll be slapped with one (or more) class-action lawsuits - thus becoming a huge liability issue - the costs of preventing such a breach (i.e., identity theft) can be huge. With employee data millions of records already lost and millions more at risk, however, there's simply no way to get around the fact that encryption of records MUST be part of a comprehensive plan of data security and planning. Why? Quite bluntly, anyone who's been - or who knows someone who's been -- the victim of identity theft will tell you that it's an awful, horrible crime - and trying regain their status and protect themselves in the future is like a employee data never ending nightmare.
The amount of personal data collected by employee benefits employee data teams and human resources departments is, by necessity, enormous. Protecting those individuals MUST be a top priority, and if the nation follows the lead of Massachusetts any time soon, it will be. eliminating the redundancy of paperwork and administrative tasks and also ensuring data accuracy. Employee data management is an important part of any business and maintaining an employee data organized and smoothly run HR department is crucial to a satisfying work experience. By streamlining the daily tasks of your human resources team with the technology of a web based employee data data system, your company will experience increased productivity, employee satisfaction and a significant cost savings.