Every year, Forrester clients ask us about trends in human capital management (HCM) adoption. To help us answer these questions, Forrester’s Enterprise Applications Software Survey, 2024, asked HCM decision-makers around the world about multiple aspects of their organization’s overall HCM strategy. This report highlights HCM adoption, budgets, motivators and concerns, and vendor sourcing trends to help tech strategists and leaders understand the current state and trajectory of the market.