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HR Budgets may need a 50% increase despite the recession

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Prabakaran Murugaiah

Prabakaran Murugaiah

Prabakaran Murugaiah is a seasoned HR tech entrepreneur, executive, and an investor with over 25 years of experience in transforming HR processes and systems using technology. At iMocha, he leads our US business as the country head. His passion involves mentoring young entrepreneurs and focuses on investing in early-stage SaaS products and companies. He is an active member in various communities that supports entrepreneurship including the TiE, ATEA, TechNa etc.

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HR Budgets may need a 50% increase despite the recession

A new world of work has emerged. This year has already seen several emerging HR trends, thanks to the changing employee expectations and working styles. Turnovers are rising; wage expectations are skyrocketing; hybrid workforces need modern technologies and training, and labor shortages never seem to cease.

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