As an HR professional who can guide workplace policy, where would you draw the line between privacy and employee monitoring in order to best balance concerns of all stakeholders?

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As an HR professional who can guide workplace policy, where would you draw the line between privacy and employee monitoring in order to best balance concerns of all stakeholders?

As with many areas of rapid advancement, the law often lags behind the actual situation that exists with regards to technology and privacy in the workplace. In this case, we must be guided by ethics alone. As an HR professional who can guide workplace policy, where would you draw the line between privacy and employee monitoring in order to best balance concerns of all stakeholders? What factors should be taken into account for any law regarding this subject?