Since summer 2020 the European Court of Justice struck down the Privacy Shield agreement between the EU and the United States. Since then the transfer of personal data outside of the EU– even within a company – is in most cases not compliant anymore and can be subject to fines.

For global pay benchmarking ensuring competitive compensation levels and schemes this verdict is a big challenge as there is a near-monopoly of US-based consultancies, serving employers globally with market intelligence in reward.

Jouco Bleeker, global benchmarking specialist and Managing Director of hkp/// RemuNet, explains how to avoid fines and how to mitigate reputational risk.


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* Photo by Joshua Sortino on Unsplash
Author Jouco Bleeker

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