July 20, 2016
Pay Ratio: Impact of the EU’s New “Privacy Shield”
– Broc Romanek, CompensationStandards.com
For those following data privacy news out of Europe, you know about the new agreement reached in the EU recently that allows digital content to flow more freely between the EU & the United States. As noted in this NY Times article, the “E.U.-U.S. Privacy Shield” pact allows more than 4000 companies that have registered with the Department of Commerce to transfer data between Europe and the United States.
The pact became necessary after Europe’s highest court ruled last year that the previous one — known as the “Safe Harbor” — was invalid because it did not sufficiently protect Europeans’ privacy rights. Privacy is taken more seriously in Europe than in the US. [I’m posting memos about the Privacy Shield in the “Privacy Rights” Practice Area on TheCorporateCounsel.net.]
I haven’t seen anyone write about this yet. But I imagine that this could maybe make it a little more difficult to rely on the pay ratio rule’s “data privacy exemption? Perhaps the requirement to use reasonable efforts to find a compliant way to send payroll data would include registering for this…
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