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HR Software Requirements for GDPR Compliance

As organizations become more and more dependent on technology, the challenges of having to deal with the flip side of Technology becomes inevitable. Among the many evils of modern technology, compromised data privacy and data security is definitely one of the most challenging ones. As people use a network to share their information, all the information out there is exposed to threats, phishing and misuse. Sometimes, the websites that collect user data, share it with third parties for advertising purposes, and even for financial gain. Thus, the user is in complete darkness when it comes to the whereabouts of his/her personal information.

Not just that, in recent times, there also have been many cases of organizations themselves selling the information of users, which they have in the database, to third parties for financial or other gains. The fact that Facebook sold all of the data (of millions of Facebook users) with no consonant from them whatsoever, makes one truly doubt the security of the information that people share with the different websites and applications that they are using. This has called for very strict laws for data privacy and GDPR was formulated for this purpose.

Today, every organization that deals with citizens of the EU and their personal information, needs to comply with the GDPR regulations. This applies to all of their products and websites. Since HR software is one of the most common software used in organizations today, this article looks at ways in which HR software can be GDPR compliant. Digital HRMS is a good example of a GDPR compliant software, and other examples include Keka and HRMantra.

To begin with, the organization should be aware of the information that is being stored, collected and also how it is used. This is to ensure that necessary security measures are implemented to secure the type of data collected by the company. The new age HRMS software mentioned above, are built in with advanced security features for this purpose. This provides users with encryption and access control for maximized security.

Data management is another aspect to GDPR compliance that HRMS software can help organizations deal with. For this, organizations need to invest in HRMS software that comes with content integration functionality. When data is in a manageable digital format, it can be much easier to monitor, keep a tab on, store systematically and access as and when required.

GDPR compliance also calls for timely reporting of information breaches. Hence, software to use should be able to track notify breaches if and when they occur. Also, when organizations are collecting personal data of employees, having their consent for the same is mandatory. A good HRMS system should be able to help you track employee consent for the information that they have submitted.

Another important requirement of GDPR compliance that an HR software should have is simplified data deletion. In addition to these measures, the HR software should also provide a platform for the users to get the queries about data privacy resolved correctly.

GDPR of compliance is mandatory and requires the organization to take multiple steps to ensure complete compliance. Looking for these requirements can help an organization find the right HRMS software.

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Trading Bitcoin Vs. BTC Futures – Which One Is Best for You

Expert traders have been using BTC futures for years, but small investors or retailers are yet missing out on the opportunities due to incomplete or incorrect understanding of the instrument.

With the rise in the number of crypto trading exchanges like PCEX Member, Binance, FTX, Bitfinex, Bybit, and Kraken offering BTC futures trading, the comparison Trading Bitcoin Vs. BTC Futures is most likely to surface in the mind of investors like you.

PCEX Member a cryptocurrency exchange in India explains both spot and futures instruments, and their pros and cons along with tips to maximize the ROI with either of the options. Our objective is to help you find the answer – which one is the best investment option – yourself.

Understanding the Difference: Spot Vs Futures Trading

In spot trading, there is a real-time settlement between the buyer and seller of the BTC asset. The requirements of buyer and seller go into the Order Book as Bid Price and Ask Price respectively and matchmaking or orders take place. Once the trading is over, the buyer gets the cryptocurrency in the definite lot size, while the seller receives fiat or stable coin (or other assets, sometimes NFTs).

In the BTC futures, the trade is based on opposite speculations made by the buyer and seller on the BTC futures price at a pre-defined point of time in the future. They deposit the margin amount with the exchange. The price of futures tracks the price of an underlying asset. No one initially gains or losses anything from it at the time of the contract. They wait for the contract to expire or go for a settlement by terminating in advance. Their profit or loss is estimated on the spot price on the crypto asset on that particular expiration or termination date. The differential of the price is credited to the account of the buyer or seller.

To make speculations in the right direction, you must have a sound understanding of the complex factors like expiration, liquidity, volatility, and any relevant news.

Here are highlights of the pros and cons of Bitcoin Spot and Bitcoin Futures.

Pros of investing with BTC spot

Low risk
Immediate monetization
Gain ownership
No complexity as you know the current value
Cons of investing with BTC spot

Low return
Pros of investing with BTC Future

High return
Cash settled (no wallet required)
Low trading fee
Cons of investing with BTC Future

Price Limits cut into trading profits
High risk
Not an ideal instrument for short-term investors
What instrument type is right for you?

Beginner or experienced – no matter what type of investor you are, if you want to go for a long-term investment, BTC futures is the best bet. Going with BTC futures for a short-term could be a bit risky if you are not fully aware of the market dynamics.

The liquidity score (0 – 1,000) of a market pair is a decisive factor. The mark 1,000 reflects the most liquid of markets and 0 as the most illiquid one. The higher the score, the more liquid a market is. The lower the score, the less liquid the market is. Wondering what is liquidity? It’s a measure of the ease of buying or selling an asset in the market. Owning an asset with high liquidity has its advantage. You can sell it anytime in the market to make a profit. There is little fluctuation in its price.

Trading Bitcoin or BTC futures – once you choose your investment portfolio, the next step is to find the right trading exchange. Key determinants of a healthy exchange are as follows:

BTC Dominance

Know how well your BTC asset is performing at the target exchange. BTC dominance is the share of BTC out of the total trade volume including that of altcoins (all other coins besides BTC). Compare the BTC dominance percentage across multiple top exchanges including PCEX Member, Binance, Bybit, and Kraken. Going with an exchange with a high BTC dominance value is a safe decision.

Market Capitalization

The market capitalization of the exchange is the overall trading volume across all crypto assets including Bitcoin and altcoins. It reveals the financial strength of the exchange. Investing in an exchange with high market capitalization is undeniably the better choice.

Markets

The term “markets” stands for “highly liquid cryptocurrencies” pairs that are being traded on an exchange. Here is a list of the top 10 markets by the time of writing this post (January 14, 2021).

The pair BTC/USDT is certainly the most promising one. It’s dominant positing signifies that more buyers and sellers are trading in this pair followed by BTC/USD. The availability of more investors is a positive aspect. You can immediately find the best buyer or seller to maximize your profit from the trade. For Indian investors, whether investing in Bitcoin spot or BTC future, the pairing of crypto like btc to INR is highly recommended. PCEX Member supports both INR and USD as a fiat currency.

Hope, you have earned the understanding to make the right choice – Bitcoin Vs BTC futures. PCEX Member equips you with the knowledge and tools you need to make a high profit in a marketplace as volatile as crypto trading.

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Three Simple Reasons to Use a Massager for Muscle Knots

Muscle knots or contraction of the muscles is the result of overworked or strained muscles or even trauma. It is an involuntary state or a phenomenon known as muscle guarding where the body protects the injured muscles from more damage and initiates the healing process. Muscle knots can appear as a hard unripe mango, and it can be extremely painful. It can be considered as a shell to protect the body from further injury. However, you can treat muscle knots using a percussion massager gun. These guns work with a foam ball that moves back and forth. It strikes the muscles consistently, allowing the muscles to relax. Some of the significant reasons to use a percussion massager for muscle knots include the following.

Relief from pain and discomfort

Percussion massagers are powerful devices, which works its way into large muscle knots and loosens them effectively. It stimulates the flow of blood and thereby reduces inflammation and pain. Muscle knots can be quite painful as the muscles bunch up in the area and restrict your mobility. These devices stretch the fibers of your muscles and relax it, preventing the chance of future injuries. It is also relatively easy to use this device on your neck, legs, spine, arms, chest, and feet to alleviate pain and discomfort. As the use of this device increases the flow of blood and oxygen to the body, it also speeds up the process of recovery.

Convenient and easy to use

This powerful handheld device is shaped like a modified axe, though it is available in different designs and styles. It is quite easy to use this device when you understand the functions of different kinds of customizable heads and attachments. It is light in weight and easy to carry around which makes it one of your best workout accessories. You can avail percussive therapy in the comfort of your own home when you choose to invest in a good-quality percussion massage gun. As it is battery operated, you can use this device anytime and anywhere. Moreover, there is hardly any need to visit a therapist when you have a percussion massager for muscle knots.

Versatile device

Available with different types of interchangeable massage heads and attachments, this device can be used not just to treat muscle knots but for different parts of the body when you experience pain and stress. A massager for muscle knots includes a high-speed motor that works effectively on the knots and relaxes the muscles. It thereby reduces the unbearable pain associated with muscle knots.

A percussion massager for muscle knots functions at a high speed with a low level of noise- a rare combination. Today most of professional athletes and boxers use this powerful device to alleviate body ache, muscle sprains, and knots.

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