83% of companies in India project growth, agility and experience as critical pillars of success: APAC's Largest HR Study
HR Evolution Perspectives 2023 report reveals that CXOs across India today project high growth and profitability in the coming few years. While 83% of CXOs across India say they expect revenue growth in the upcoming years.
70% foresee a rise in M&A while another 80% state that organic expansion will remain an important driver of growth and profitability.
The Darwinbox and People Matters’ landmark report is the largest study of its kind in the region, gathering responses from over 1,200 HR practitioners, 350 CXOs and around 1,500 employees. It brings together both employer and employee voices to showcase evolving priorities and enable strategic change.
“Empower and Evolve are important themes for this landmark report.
With the world of work evolving rapidly, the study helps anchor HR strategies in quantifiable insights and helps explain, in great detail, how talent leaders can build future-ready practices that help companies scale and address their growth projections." said Ester Martinez, CEO & Editor-in-Chief, People Matters.
Some of the key findings from the report on India are: “Undeniably, the CXOs in the region have an extremely positive economic outlook and rightly predict that the path to success is dependent on solving critical talent challenges. Hence, there will be more emphasis on strengthening the HR functions.
HR teams must navigate a period of heightened employee expectations, a rapidly shifting digital landscape, and stakeholder pressure toward inclusive workplaces. The report sheds light on these challenges and calls upon HR professionals to seize the opportunity to transform their organizations, powered by the transformative role of technology," noted Vikrant Khanna, Global Head - Value Management,
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