Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • Rising Star Leadership Awards
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»Research»Three-fourth of Indian companies plan to increase HR spend
    Research

    Three-fourth of Indian companies plan to increase HR spend

    mmBy Prajjal Saha | HRKathaMay 25, 20153 Mins Read1755 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    A significant number of Indian companies are prepared to manage culture and engagement-related issues.

    The years 2015–16 could spell great fortunes for all HR service providers. If a global survey by Deloitte gets it accurate, around 74 per cent of Indian companies will increase their investment on HR in the next 12–18 months. The survey indicates that around 18 per cent of Indian companies claim to have a plan to increase their HR budget by more than 5 per cent, while a whopping 57 per cent of Indian companies will augment their HR spend by 1–5 per cent. Around 23 per cent will maintain a status quo and only 3 per cent will reduce their HR budget.

    India’s market seems to be on a positive note vis-à-vis other global companies as only 56 per cent of the respondent companies plan to increase their HR budget, and 35 per cent want to maintain a status quo. Around 8 per cent of companies, globally, plan to decrease their budget.

    The survey further indicated that around 47 per cent HR leaders were satisfied with their HR solutions, with 7 per cent rating them as excellent and 40 per cent as good. However, more than 50 per cent of respondents felt there was room for improvement for HR.

    The major concern for the Indian HR professionals was leadership issues followed by learning and development, culture and engagement, reinvention of HR and performance management.

    Approximately 81 per cent of Indian respondents say that companies are struggling to develop leaders at all levels and are investing in new and accelerated leadership models. Leadership is a major concern and action area for businesses in India. However, 42 per cent of respondents claimed that their companies were prepared to take on this problem.

    The survey revealed that Indian companies are actively exploring new approaches to learning and development as they confront increasing skill gaps. Besides, organisations are recognising the need to focus on culture and improve employee engagement as they face the looming crises of engagement and retention. The positive aspect is that around 50 per cent of Indian companies have showcased their preparedness to manage culture an engagement issues while only 13 per cent were unprepared.

    HR is undergoing an extreme makeover to deliver greater business impact and drive HR and business innovation. Organisations are replacing traditional performance management with innovative performance solutions.

    The survey was conducted across 106 countries. While 73 per cent of Indian respondents were from the HR function, 50 per cent were from the technology, media and telecommunication sectors.

    Delloitte HR Spend Indian Inc
    Share. LinkedIn Twitter Facebook
    mm
    Prajjal Saha | HRKatha

    Dr. Prajjal Saha, editor and publisher of HRKatha since 2015, leverages over 25 years of experience in business journalism, writing, and editing. He founded HRKatha to provide insightful analysis on the evolving workplace. With expertise spanning HR, marketing, distribution, and technology, Saha has a deep understanding of business dynamics. His authorship of the acclaimed Marketing White Book highlights his versatility beyond HR. A trusted voice across industries, his clear and thoughtful commentary has earned him a reputation for thought leadership, making him a reliable source of knowledge and insights for professionals navigating the complexities of the business world.

    2 Comments

    1. Ashish Dadia on May 25, 2015 8:09 am

      I believe spending on HR related matters is very important and if Companies are thinking on it, this is great news.

      Reply
    2. Prabhakar Waghodekar on May 26, 2015 4:04 am

      HR helps promote Human Treasure (Capital). HR investment gives high ROI, Hence promotion of HR activities turn to be free.

      Reply
    Leave A Reply Cancel Reply

    eighteen − three =

    Related Posts

    Why leadership development is the most important workforce priority

    July 11, 2025

    Will AI now decide promotions and increments of employees?

    July 8, 2025

    Is AI overhyped? 62% employees say ‘Yes’!

    June 24, 2025

    44% Indian employers are hiring more because their companies have grown

    June 12, 2025

    QUICK HR INSIGHTS

    EDITOR'S PICKS

    How Castrol India is retraining its workforce for the electric age

    July 16, 2025

    Mahindra Holidays turns to local communities for talent as India’s hospitality schools empty out

    July 15, 2025

    Why ‘Centres of Excellence’ can hollow out the very culture they’re meant to strengthen

    July 14, 2025

    How a thumbs-up became a generational minefield

    July 11, 2025
    Latest Post

    Dipty Jalan returns to Usha International, as CHRO

    Movement July 16, 2025

    Dipty Jalan has returned to Usha International as chief human resources officer (SVP HR). After…

    Centre to revamp 1,000 ITIs to boost youth skilling

    News July 16, 2025

    In a major move to transform India’s vocational training ecosystem, the Central government is set…

    Nissan to shut down historic Oppama plant by 2028

    News July 16, 2025

    Nissan Motor Co. has confirmed plans to permanently close its iconic Oppama plant in Kanagawa…

    AP government employees raise concerns over ineffective health scheme

    News July 16, 2025

    Andhra Pradesh’s Employees’ Health Scheme (EHS), introduced in 2013 to provide cashless, quality medical care,…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.