| | FEBRUARY 20244 Despite the impact of lower commodity prices on its exports, Indonesia's economy grew by 5.05 percent in 2023, slightly exceeding the government's expectations. However, this was a lower rate than the 5.3 percent achieved in 2022. Bank Indonesia, the country's central bank, said that the economic performance was within its forecast range of 4.5 percent to 5.3 percent. The government's statistics agency recently reported that the main reason for the slowdown in gross domestic product was the decline in export earnings. The slowdown is reflected across the business realm, including the hiring segment.The demand for hiring people in commercial, operational, and technical roles has slowed down. Companies are now more careful about adding new staff for essential positions or replacing vacancies. Segments such as fintech, digital banking, e-commerce, local conglomerates, SME startups, and Web3 companies are growing exponentially and are evident in the hiring heat map. Also, industries like cyber risk and GRC are in high demand because of new local regulations emphasizing technology risk management. Today, this change is happening in shut-eye time in the country. As the room for trial and error has significantly reduced, People Analytics helps HR leaders use data to make smart talent decisions, improve workforce processes, and promote positive employee experience. Additionally, a modern-day people officer must know more than the normal HR functions. They need to have decisive acumen for technology and digital transformation. Emotional intelligence and communication skills are other critical traits that will help them advance in their success journey.Sujith VasudevanManaging Editoreditor@ceoinsightsasia.comEditorialIt's Taking Time! Insights for Business LeadersVol 04 · Issue 2-2 · FEBRUARY, 2024Publisher Alok ChaturvediManaging Editor Sujith Vasudevan Manager - DesignPrabhu Dutta A.R.N RayNoidaRohit Raghubanshi Akshay Shettyadvertise@ceoinsightsasia.comEditorial queries editor@ceoinsightsasia.comTo subscribeVisit www.ceoinsightsasia.com/subscribe/ or send emailto subscription@ceoinsightsasia.comMagazine Price is $50 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2024 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Designers Mrigank SharmaTushar DasVP - Sales & Marketing Amrit Kumar Singh Circulation Manager Magendran PerumalEditorialHima P.M. Keerthana Kantaraju P. Tejaswini Roopalatha H.
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