64% Indian firms plan to increase their HR tech spending this year
ADDING TO RESOURCES Government plans to increase to 33% mobileenabled HR technology adoption while nonIndia AsiaPacific organisations are planning to jump to 56% adoption, according to the report that is based on a survey of 1,528 unique organisations
Companies are investing big time on their human resources (HR) technology budget in the Asia-Pacific region, according to a recent report by Sierra-Cedar, an IT services firm. Fifty-six percent of companies in Asia-Pacific region and 64 percent survey respondents are planning to increase their HR Technology spending this year, according to Sierra-Cedar 2016 2017 HR Systems Survey - Asia Pacific Edition launched at SHRM India HR Tech 2017 Conference in April.
The report based on 1,528 unique organizations representing a total workforce of 20.6 million employees and contingent workers reveals that more than 40% of all Asia-Pacific organizations and 50% of India-based organizations are looking at improving or developing a new enterprise HR systems strategy this year.
The respondents comprise of nearly seven percent of unique organizations headquartered in the Asia-Pacific market: China, India, Japan, the Pacific Islands, and Australia. The largest subsection of Asia-Pacific participants is headquartered in India.
SHRM India, local arm of the Society for Human Resource Management, an alliance of HR managers from 165 countries partnered with Sierra Cedar to help with the compilation of the Asia-Pacific region data points through their membership database, SHRM claimed.
Fifty-seven percent Indiabased organizations are working on talent management initiatives. Another forty-three percent of non-India-based Asia-Pacific organizations are working on workforce planning initiatives, while less than 10% of these organizations had adopted career or succession planning applications, the survey showed.
While just 18% of Asia-Pacific organizations have a cloudbased human resources management system currently, 33% plan to have one in the next year, the report suggested.
According to the report, “It is much more difficult to achieve an organization’s goal for Mobile-enabled HR without some form of Cloud-based technology: 39% of our aggregate participants have rolled out Mobileenabled HR technology today, this is compared to 44% of nonIndia Asia-Pacific organizations and only 22% of India-based organizations.”
India is planning to increase to 33% mobile-enabled HR technology adoption and non-India Asia-Pacific organizations planning to jump to 56% adoption, the report stated.
It added, “When it comes to mobile adoption, we see that India was slated to become the second largest smartphone market by 2017 and that it has the fastest-growing smartphone market in the world. Without smartphone market penetration and increase cloud HR technology Mobile adoption for HR applications is unattainable.”
56% COMPANIES IN ASIAPACIFIC AND 64% SURVEY RESPONDENTS ARE PLANNING TO INCREASE THEIR HR TECHNOLOGY SPENDING THIS YEAR