In a study of 110 working professionals in Singapore, Sydney, Mumbai and Dubai, the highest importance was given to creating new business opportunities, and sustaining business growth.
More specific to HR, very high importance was placed on digital tech transformation (41%), innovation in products and services (31%), and developing leadership and talent (29%).
On the same note, the survey conducted by SP Jain School of Global Management, found the following as the challenges faced by HR this year (in terms of 'high' importance):
- Managing employee expectations (69%)
- Cost optimisation (55%)
- Adopting new technologies (53%)
- Aligning business and HR strategy 54%)
- Developing effective HR programmes (48%)
- Talent shortage (45%)
- Executive sponsorship (22%)
The study findings, compiled by Prof Veena Jadhav (assistant dean - executive MBA, and assistant professor - HR, pictured below) were announced at HR Conclave 2018, attended by Human Resources.
Graphs / SP Jain School of Global Management Photo / Journalist's own