| | SEPTEMBER 20244 Regardless of the impact of lower commodity prices on exports, Indonesia's economy grew by 5.05 percent last year, slightly surpassing government expectations. However, this growth rate was lower than the 5.3 percent achieved in 2022. Bank Indonesia, the central bank, noted that the economic performance fell within its forecast range of 4.5 to 5.3 percent. According to the government's statistics agency, the primary reason for the slowdown in GDP growth was a decline in export earnings. This deceleration has been observed across various business sectors, including the hiring segment. It is interesting to note that the demand for hiring in commercial, operational, and technical roles has increased, with companies exercising greater caution in adding new staff for essential positions or filling vacancies. However, sectors such as fintech, digital banking, e-commerce, local conglomerates, SME startups, and Web3 companies are experiencing exponential growth, as reflected in the hiring heat map. Additionally, industries like cyber risk and governance, risk, and compliance (GRC) are in high demand due to new local regulations emphasizing technology risk management. Today, these changes are occurring rapidly across the country. With a significantly reduced margin for trial and error, People Analytics enables HR leaders to leverage data for making informed talent decisions, enhancing workforce processes, and fostering a positive employee experience. Furthermore, a contemporary people officer must possess expertise beyond traditional HR functions, including a strong acumen for technology and digital transformation. Emotional intelligence and communication skills are also essential traits that will support their advancement and success. On this note, we present our Indonesia special issue. Do let us know your thoughts.Sujith VasudevanManaging Editoreditor@ceoinsightsasia.comEditorialSlowly, But Surely Insights for Business LeadersVol 04 · Issue 04-5 ·SEPTEMBER, 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 Executive Prints - 113/7, Ground floor, Old madras road, Halasuru, Bangalore 560008 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 Girisha MSurbhi SumanVP - Sales & Marketing Amrit Kumar Singh Circulation Manager Magendran PerumalEditorialNalini. Bramhanapalli Keerthana Kantaraju Roshan Akthar Roopalatha H. RARA NAVALJAN MARTIN BACANIDIANA SOONBAO DOSIN LEE LOHMAI MARCELOELIZA OBORDOFITRIA SABARUDDINRASIKA MATHURKEERTHI KUMARAVELUHuman insights directorCOCA COLAGroup ManagerUNIVERSAL ROBINACORPORATIONRegional CMI ManagerSHISEIDOConsumer Science LeadMONDELEZUX Research LeadMETAHead, CustomerIntelligenceGLOBE TELECOMDirector, Research &InsightsSTANDARD CHARTEREDHead of ResearchGOJEKHead ­ ConsumerInsightsSNAPDEALGlobal Executive DirectorData TransformationDYSONAloft Singapore NovenaJoin Asia's only conference dedicated to qualitativeconference research. With its 15+ year history, Qual360is the go-to event, bringing together a unique mix ofresearch professionals from international brands,leading agencies and independent industry experts. 6-7 NovemberRegister by scanning the QR code:Or register through:apac.qual360.comUse promo code: CIA15 on yourregistration15% OFF!
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