27 per cent of companies will increase their investments in ‘HR technology’

27 per cent of companies will increase their investments in ‘HR technology’

About a third of Asia Pacific-based national and multi-national companies anticipate significant changes in their human resources departments in the next couple of years, as they seek greater efficiencies and to improve the processes within the function, according to the 16th annual HR Service Delivery and Technology Survey by Towers Watson. Respondents included HR and HRIT executives at 1,025 organisations from 32 countries. 

KEY FINDINGS:
    The key 49 per cent of Asia Pacific companies currently lack a formal written HR strategy to lay out the role of the function within the business;     A third of respondents (33 per cent) will make a change to their HR structure before the end of next year. Among companies changing their HR structure, nearly three-quarters (73 per cent) are doing so to realise further operational efficiencies, while just over half (52 per cent) are doing so to improve quality; 38 per cent are pursuing a change in business strategy or seeking to achieve cost savings (24 per cent); Nearly half (46 per cent) of respondents now provide mobile access via smartphone to employees. A few of the companies surveyed (12 per cent) operate a ‘bring your own device’ policy; While only 51 per cent of companies in Asia Pacific have a defined HR strategy in place, a further 31 per cent of companies plan to implement such strategies within the next 18 months.