The increased importance for personal data protection helped lead to the General Data Protection Regulations (GDPR) being implemented to both European Union member state and non-European entities. May 25, 2018 marks the compliance completion date in regards to updates and improvements required to companies’ personal data protection processes. The changes will now include non-European entities that offer goods and services to those in Euro Zone. The new legislation will encompass all investment type firms and fund management type companies on aspects of all clients’, officers’, and other employees’ personal data.
— GoBuyside (@gobuyside) February 3, 2018
GoBuyside, founded in 2011, specializes in the financial sector as a global recruitment platform for “private equity firms, hedge funds, alternative investment managers, advisory platforms, and Fortune 500 companies around the world to meet their staffing needs.” GoBuyside’s financial expert emphasized the importance of personal data flow arrangements between entities to ensure fundamental rights and freedoms of the person as stated within GDPR. All necessary paperwork will need to be in order for any data notifications, agreements, transfers or arrangements. Another important factor among the GDPR legislation is creating transparency and accountability as a fundamental building block for companies, as both controllers and processors of information will be held to the same compliance expectations. The GoBuyside process of obtaining and screening applicants has given them a competitive advantage with their use of breakthrough technology and their meticulous approach.
Even with investment firm performances down 1-9%, larger private equity firms are calculating an increase in average bonuses for 2018 by using the performance metric system. Overall satisfaction reflects low for workers as compensation is unsatisfactory. Yet on the other hand, the situation creates a high demand for quality investment talent which is GoBuyside’s specialty. GoBuyside encompasses a broad range of geographies and directives while holding a deep connection within the markets they serve. Team members of GoBuyside hold professional backgrounds and educational credentials that sets their accomplishments and skills apart from the rest. Worldwide as of today, GoBuyside’s talent expands within 16 countries and 52 cities with a talent network of 100,000 plus. As a global recruitment leader in investment talents, new regulations will be easily handled within the GoBuyside’s team.