May 25, 2018—the deadline for compliance with the European Union’s General Data Protection Regulation (GDPR)—looms large on the horizon. How are businesses meeting the challenge? Jacob Kjeldgaard Olsen, senior director of strategy and change at Velux, discussed the importance of having the right foundation to comply with GDPR at Workday Rising Europe.
Three factors drove the Danish skylight manufacturer’s decision to roll out Workday’s cloud-based human capital management application. The first two are consistent with other high-growth Workday customers: a single system that could manage data on Velux’s 10,000 employees across 40 countries, and the ability to provide its leaders and managers with better data so they can make faster, more accurate business decisions.
Yet, the third element in the mix is one that many businesses are struggling with—GDPR. Gartner predicts that even by the end of 2018, more than 50 percent of companies affected by GDPR will not be in full compliance with its requirements. Back in March 2016, at the same time the two-year GDPR adoption period kicked off, Velux was preparing to start its Workday deployment after an evaluation of the way it collects, manages, and stores information on employees.