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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 Economic Influences on HR: Employment Rates & Labor Market Trends Low unemployment rates create a competitive hiring market, making talentacquisition challenging. Remote Work Technologies Video conferencing, collaboration tools, and cloud-based HR software have made remote work the norm.
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