One in three national and multinational companies in Asia Pacific plan for significant changes in their human resources departments in the next couple of years to improve efficiency, according to a survey by global professional services company Towers Watson.
The survey said companies are considering further investment in HR technology such as mobile applications, and plan to review their HR processes. However, 49% of Asia Pacific companies currently lack a formal written HR strategy to lay out the role of the function within the business.
It also shows that HR technology spending remains steady and strong despite cost reductions in other areas of HR. More than half of organisations (53%) indicated their investment in HR technology this year will match last year's investment levels, while more than a quarter (27%) will either increase or significantly increase their HR technology investments.
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