Discover the meaning of the latest AU payroll and HR terms and abbreviations with this free glossary.
Binding Corporate Rules (BCRs) Binding corporate rules, or BCRs, are data protection policies. They are for EU companies who wish to transfer personal data within a group of enterprises outside the EU. BCRs are legally binding and enforceable by every member within the group. Companies must submit BCRs to the EU’s competent data protection authority, who will approve them according to Article 63 of the GDPR.
Business Process Outsourcing (BPO) The delegation of one or more IT-intensive business processes to an external provider.