GLOBAL PAYROLL MAGAZINE
45
MINIMISE, RETAIN, PROTECT By Maggie Leese
In the face of increasing cyber threats and data storage costs, effective data minimisation and retention are essential for payroll providers. Help your organisation manage payroll data securely and collect only what you need.
Why Data Minimisation Matters In today’s increasingly digital world, payroll providers are custodians of vast amounts of sensitive employee data, from personal information to payment details. While this data is critical to business operations, holding it longer than necessary can
increase risks and costs. Payroll data breaches can result in financial impacts, reputational damage and compromised employee identities. Focusing on data minimisation and retention isn’t just about compliance - it’s best practice that protects businesses and their employees.
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