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Moreover, IDC predicts that global spending on collaboration software will exceed $25 billion by 2025, highlighting the increasing investment in remote work technology. Thus, helping in proactively managing talentacquisition and reducing time-to-hire. This would also include investments in HR technology as well.
Key Political Influences on HR: Labor Laws & Employee Rights Governments set labor laws regarding minimum wage, working hours, and employee benefits, which HR must comply with. Inflation & Cost of Living HR must adjust compensation and benefits to match inflation and employee expectations.
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