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Real-time decision making based on pre-installed algorithms and efficient computing technologies is one of the highlight features of AI. By encompassing the human element and AI, companies can provide an enhanced experience for their candidates and employees
Fremont, CA: The emergence of deep learning technologies has significantly impacted every business industry over the last few years. A forecast by McKinsey reveals that by 2030, Artificial Intelligence (AI) will have an enormous impact worth USD 13 trillion on the global economy. Undoubtedly, the Human Resources department will also feel the effects of AI in the coming days. Optimizing the combination of the human mind and machine learning is essential for a seamless workflow and an intuitive work environment, and the HR professionals must understand this at the earliest.
Real-time decision making based on pre-installed algorithms and efficient computing technologies is one of the highlight features of AI. By encompassing the human element and AI, companies can provide an enhanced experience for their candidates and employees. At the same time, AI can help businesses better understand their target market and promote result-oriented sales strategies. AI technologies enable machines to learn and adapt to provide refined responses to solutions based on data analysis.
One of the most prominent uses of AI in HR functions lies in the talent acquisition process. From screening candidates, maintaining databases, scheduling interviews, and answering job seekers’ queries, AI reduces human resources spent on mundane tasks. AI can help reduce the hiring time significantly, allowing HR teams to be more efficient and productive in other areas like sourcing, recruitment marketing, employee management, and more. An AI-enabled screening process enables HR teams to pick out candidates with the most suitable skill set and relevant experience that fit the company’s requirements.
Post recruitment process, AI integrated systems can be used to introduce the employee to relevant and required company information on the first day. This can include company policies, the reporting authority, team members, task assignments, and other information, now relayed directly to the employee using an app or via connected devices. This process is known as onboarding. Organizations tend to overlook the importance of this process. It is a vital part of employee retention rates and increasing HR productivity. Studies have indicated that a superior onboarding process can be integral to an employee staying for longer tenures with an organization. With AI in the picture, the onboarding process can be customized to cater to different individuals and their positions.
Learning and Training
AI integrated systems also help in training employees in their respective areas of work. The required skill set for a particular job keeps changing with time. With innovations in software emerging every day in the market, organizations must stay ahead of the trends. AI can be used to assess an employee's skill and recommend videos and learning programs to develop the employee's skill set. It can be used to automatically read documents or analyze an employee’s activities and create appropriate learning programs.
AI integrated systems can be used to analyze data collected over the years and inform HR teams on which employee needs training in which area. Intelligent algorithms also recommend which program is best suited to help an employee learn better and faster. Besides, organizations can leverage AI technologies to develop e-learning platforms to enhance employees’ skills.