Investment in HR technology steady

About a third of Asia Pacific-based national and multinational companies anticipate significant changes in their human resources (HR) departments in the next couple of years, as they seek greater efficiencies and improve the processes within the function, according to an annual survey by global professional services company Towers Watson.

The Towers Watson survey revealed that companies are considering new HR technologies, will continue to invest in HR technology such as mobile applications, and plan to review their HR processes. However, at the same time, 49 percent of Asia Pacific companies currently lack a formal written HR strategy to lay out the role of the function within the business.