The HR Association of Armenia annual report summarizes their activities and financials for 2012. They increased membership to 35 members representing 28 companies. Their main activities included HR club meetings and events, training and professional development, and advocacy for HR industry improvement. Financially, they had revenues of 5.3 million AMD but expenses of 5.8 million AMD, resulting in a deficit of 504,652 AMD. Plans for 2013 include more HR club meetings, an innovation competition, a second regional conference, and work on improving labor laws. Membership provides access to best practices sharing and advancement of the HR profession in Armenia.