02 February 2016 - Post by:Sheila Fahy
The employment horizon looks relatively calm this year, although there are a number of significant developments looming. The new rules on gender pay-gap reporting will make an appearance in 2016, but at this stage surprisingly little is known about the extent of these obligations. This makes it difficult to get going with preparation, but hopefully the transitional provisions will be generous so it will not be a last-minute rush. The new General Data Protection Regulation (expected to come into force in early 2018) may seem like a long way off but it introduces onerous obligations on those who control the processing of data, and with sanctions that include fines of up to 4% of annual worldwide turnover, compliance is something to be taken seriously.
For some sectors, 2016, like 2015, will to be a frantic year. Financial sector firms in scope for the new Senior Managers and Certification regimes are due a breathing space now that the Senior Manager framework is in place. However, that is unlikely as the focus will switch to the larger certified population and the systems and processes that underpin fitness and propriety.
To help you stay ahead of developments, we have produced a calendar covering the next six months (hard copies available on request).