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Article: Managing employee personal information: although businesses are well aware of the importance of managing customer information, they are often unaware that employee information must be managed in a similar manner. Failure to properly deal with this is a serious risk.(human resources)
- Article from:
- CMA Management
- Article date:
- April 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 Society of Management Accountants of Canada. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Managing customers' personal information has become a priority for many private sector businesses and organizations. It can provide a valuable competitive advantage but there may also be a legal imperative for making it a priority. Despite this increased awareness of customer information management obligations, many private sector businesses and organizations aren't aware that they could be subject to similar legislative requirements regarding their employee's personal information as well.
Fortunately, employee personal information management obligations aren't dramatically different from consumer information collection requirements. The challenge is that no ...