To assess the impact of an evolving economic and technological environment on the HR industry, SHRPA Research 2024 surveyed 1300+ and interviewed 25+ CXOs, HR leaders, HR tech partners and investors across APAC and ME. People Matters launched the report to help HR leaders and CXOs raise HR effectiveness and make impactful tech and people decisions. It also equips tech partners with comprehensive insights into buyers’ needs and mindsets.
Pushkaraj Bidwai, CEO, People Matters said, “Inspired by Sherpas—the gatekeepers and experts of the world’s most mountainous terrains—this research aims to be your navigator to the HR landscape. With high growth projections, it offers a source of truth for HR, businesses and tech partners. The insights will be pivotal in helping the HR industry unleash a new wave of business impact.”
Top findings from the report include:
- 89% of leaders say maintaining high productivity, and 84% say adopting new technologies are key talent and technology challenges impacting business performance significantly.
- 77% of leaders say they are ready to adapt and evolve, however, change execution remains a pain area.
- Enhancing productivity by leveraging AI/analytics remains a significant barrier. On average, 53% of SEA leaders are dissatisfied with their ability to deliver this, followed by ME (52%), India (49%) and ANZ (48%).
- 38% of HR tech leaders, CXOs and founders expect the HR tech market to grow by 25%-50% in the near future. Even with big investment plans, HR leaders continue to struggle investing in sustainable technology infrastructure.
