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Developments &
updates in HR &
recruitment tech!

09 Jan 2023

HR Directors in 2023: An Overview

HR Directors in 2023: An Overview
We asked over 50 HR Directors about their role, the challenges they're facing, the impact tech has had on their industry, what their budgets are and where they're going. This is what they said.

Biggest Challenges for HR Directors

Graphic demonstrating relative size of challenges

We asked over 50 HR Directors from businesses with over 250 employees to reveal their biggest challenges. Two in five (41%) cited Insights & Data Analytics and Modernisation of HR Systems. 37% cited Recruitment & Talent Management and Managing Employee Wellbeing while 31% pointed to Remote/Hybrid Working.



Budgets Allocated to New HR Technologies in the Next Year

Graphic demonstrating allocations of budgets.

Budget is already being lined up to help businesses implement next generation HR systems. Almost half of HR directors (45%) said they have allocated between £100,000-£500,000, with the mean investment amount available each year sitting at £174,959.

In terms of where they expect to allocate that budget, the money is fairly evenly spread, with a bias towards Learning & Development (55%), Corporate Health & Wellbeing and Hybrid Working (both 51%).


The Impact of Technology on HR in the Last 10 Years

Pie Chart demonstrating opinions on the impact of technology.

When it comes to technology, two thirds (67%) of HR directors believe it has had a major impact on HR over the past 10 years, and 31% cite a moderate impact.

Cloud technology & SaaS is seen as having the biggest impact on HR – cited by 53% of respondents. Multiple technologies are used by respondents in the following areas: Performance Management (65%), Core HRMS (55%), Payroll (53%), Improving Employee Engagement (53%), Time & Attendance (49%), Recruitment (49%), Onboarding (49%) and Improving Mental Health & Wellbeing (47%).


Looking for New Vendors/Suppliers in the Next Year

Bar chart showing likelihood of looking for new suppliers.

Most HR Directors (66%) are either likely (37%) or very likely (29%) to look for new HR technology vendors/suppliers in the next 12 months. Only 16% are either unlikely (12%) or very unlikely (4%) to seek out these suppliers, while one in five (18%) say they are neither likely nor unlikely to look for new HR technology.


Bringing HR Leaders & HR Technology Solutions Together

The statistics speak for themselves – HR & recruitment technology is set to experience significant investment from a wide range of businesses over the next year.

On the 3rd & 4th of May 2023, HR Technologies UK will gather the UK’s community of HR & recruitment decision makers and introduce them to a catalogue of exciting, innovative technology providers.

To pre-register for a free visitor's pass, click here. If you're interested in exhibiting at the event, contact us here.

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