{"id":1139,"date":"2018-06-15T13:50:26","date_gmt":"2018-06-15T13:50:26","guid":{"rendered":"https:\/\/ejobsitesoftware.com\/blog\/?p=1139"},"modified":"2018-06-15T13:50:26","modified_gmt":"2018-06-15T13:50:26","slug":"gdpr-is-creating-huge-job-opportunities-for-legal-sector","status":"publish","type":"post","link":"https:\/\/ejobsitesoftware.com\/blog\/gdpr-is-creating-huge-job-opportunities-for-legal-sector\/","title":{"rendered":"GDPR is Creating Huge Job Opportunities for Legal Sector"},"content":{"rendered":"

June in London was a tale of two stories: Prince Harry and Meghan Markle\u2019s wedding, and the less glamorous, but no less consuming launch of the EU\u2019s General Data Protection Regulation (GDPR). While the former did provide a sizeable boost to the economy, the latter kicked off financial services hiring that is expected to impact the months ahead. \u201cApart from a break to watch the royal wedding, the month of May was all about GDPR compliance,\u201d said Hakan Enver, Managing Director, Morgan McKinley Financial Services. \u201cHiring in technology, compliance and legal departments was astronomical.<\/p>\n

GDPR, a regulation in EU law on data protection and privacy for individuals within the EU, is designed to \u201charmonise\u201d data privacy laws across Europe as well as give greater protection and rights to individuals. Enver comments: \u201cThe new rules has meant huge changes for companies in the way that data is kept and it will require many companies to \u201cbite the bullet\u201d on hiring data experts. We\u2019ve always had compliance teams and IT teams but we\u2019re missing those in the middle that manage data. Firms that don\u2019t comply with GDPR face fines of up to 20 million euros or 4 percent of global annual turnover, whichever is bigger.\u201d<\/p>\n

Across the board, financial services jobs decreased by 6%, month-on-month, suggesting a slight flattening of jobs available. In the same timeframe, job seekers were down by 21%. The significant drop was, in part, due to the two Bank Holidays and warm weather, which many used as an opportunity to take extended leave. In addition, institutions are seeking to recruit top talent directly from existing positions, instead of waiting for them to register their interest in new work. \u201cPoaching has always been a part of the industry\u2019s modus operandi, but it\u2019s especially prevalent post-Brexit as businesses worry about the best and brightest leaving the City,\u201d said Enver.<\/p>\n

Businesses vie to keep access to global markets and global talent<\/p>\n

A new report from TheCityUK found that if businesses cannot directly hire top talent irrespective of their nationality, they will experience a 300% cost increase in hiring of non-British staff. \u201cIt\u2019s crucial that the voices of business be heard in Whitehall and Brussels. What\u2019s bad for British business is certainly bad for European workers, too\u201d, said Enver. \u201cWe shouldn\u2019t be making it any more attractive to move jobs out of London than it already is.\u201d<\/p>\n

All eyes remain on the government\u2019s trade deal plans that, at best, will open up and strengthen Britain\u2019s business ties across the globe, but could also create barriers to market access for some regions. \u201cWith Washington\u2019s on-again-off-again relationship with trade deals, it would be naive to think that the only challenge we\u2019re facing to our access to the global economy is a good Brexit plan,\u201d said Enver.<\/p>\n

Read More:
\nhttps:\/\/www.lawyer-monthly.com\/2018\/06\/gdpr-is-creating-huge-job-opportunities-for-legal-sector\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

June in London was a tale of two stories: Prince Harry and Meghan Markle\u2019s wedding, and the less glamorous, but no less consuming launch of the EU\u2019s General Data Protection Regulation (GDPR). While the former did provide a sizeable boost to the economy, the latter kicked off financial services hiring that is expected to impact […]<\/p>\n","protected":false},"author":1,"featured_media":1140,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[46,66],"tags":[400],"class_list":["post-1139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-hr-2","tag-gdpr"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ejobsitesoftware.com\/blog\/wp-content\/uploads\/2018\/06\/gdpr.png?fit=341%2C148&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p4vlXG-in","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1027,"url":"https:\/\/ejobsitesoftware.com\/blog\/new-eu-data-law-will-change-how-you-engage-with-job-applicants\/","url_meta":{"origin":1139,"position":0},"title":"New EU Data Law Will Change How You Engage with Job Applicants","author":"admin","date":"March 1, 2018","format":false,"excerpt":"By Roy Maurer The European Union's (EU's) newly enhanced data protection regulations go into effect May 25. U.S. organizations that want to recruit workers living in the EU will need to understand how the General Data Protection Regulation (GDPR) applies to them. Full compliance is expected to be challenging\u2014technology research\u2026","rel":"","context":"In "Blog"","block_context":{"text":"Blog","link":"https:\/\/ejobsitesoftware.com\/blog\/category\/blog\/"},"img":{"alt_text":"eu","src":"https:\/\/i0.wp.com\/ejobsitesoftware.com\/blog\/wp-content\/uploads\/2018\/03\/eu.jpeg?fit=767%2C431&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/ejobsitesoftware.com\/blog\/wp-content\/uploads\/2018\/03\/eu.jpeg?fit=767%2C431&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/ejobsitesoftware.com\/blog\/wp-content\/uploads\/2018\/03\/eu.jpeg?fit=767%2C431&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/ejobsitesoftware.com\/blog\/wp-content\/uploads\/2018\/03\/eu.jpeg?fit=767%2C431&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":3419,"url":"https:\/\/ejobsitesoftware.com\/blog\/ai-document-verification-enhancing-hiring-security-and-compliance\/","url_meta":{"origin":1139,"position":1},"title":"AI Document Verification \u2013 Enhancing Hiring Security and Compliance","author":"admin","date":"February 18, 2025","format":false,"excerpt":"Hiring the right candidates involves more than just screening resumes and conducting interviews. 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