April 2018 | PeopleStrong

As per a PeopleStrong survey in 2017, India is expected to have the fastest growth rate in HR technology wherein the market is forecasted to grow by 25 per cent.This article is authored by Achal Khanna, CEO, SHRM India. There was a point in time, when HR and Innovation were two words that did not connect with each other.

The skilling & HR tech space is seeing a flurry of deals – acquisitions and investments – in the last three months. Data from research firm Venture Intelligence shows that 9 deals have been closed in the Jan-March quarter of 2018, and $59 million has been pumped in. The quarter also registered a 300% jump in the investment compared to the same period in 2017.

We may not require a crystal ball to gaze into how the next generations will live 50 years hence, but we’re definitely getting a taste of it- and we like it ! The word “Digital” is used so often and encompasses such a vast array of things that it could define anything from a simple wristwatch mechanism to an entire stratosphere of cloud solutions.

The Indian automobile sector is set to witness a pickup in hiring over the next 12 months, largely driven by the passenger vehicle segment which has seen many launches in the last year in addition to the advent of new technologies in areas such as electrified and driverless vehicles. A recent study carried out by HR services firm PeopleStrong predicts the automobile industry to hire 8-12% more employees in fiscal 2019 than this year.