Are you eager to unlock the full potential of AI in HR? It's undeniable that artificial intelligence is revolutionising every aspect of modern businesses, and HR is certainly no exception.
We did our research and consulted with an industry expert (during our Parichay webinar) to bring you insights on how AI can transform your HR operations. Read on to explore 10 AI applications that can take your HR to the next level.
1. Administrative Work
AI can automate several manual tasks so HR can do more and focus on other value-added initiatives. This saves time and optimises resources for the organisation. 69% of organisations are currently using AI in some aspect of HR.
2. Recruitment Intelligence
AI can streamline the recruitment process by analysing job descriptions, resumes and job applications to identify the right candidates without any bias. AI-powered recruitment tools can also help with candidate screening and interview scheduling.
Let's make technology our friend, not our master.
Sanjeeb Lahiri, Chief Human Resources Officer, GRP Ltd.
3. Onboarding Support
Chatbots and virtual assistants can guide new hires through the onboarding process. AI can provide onboarding materials and also take new-hire feedback using NLP (natural language processing).
4. Payroll Automation
AI-powered payroll systems can automate repetitive and time-consuming payroll tasks, such as data entry and calculations. This not only saves time but also reduces the risk of costly errors.
5. Learning & Development
AI can also identify training needs, provide intelligent content, assist in actual training via simulations and perform assessments.
6. Employee Engagement
AI can be used to analyse employee feedback, sentiment and engagement data to identify trends, areas for improvement and opportunities for recognition and rewards.
7. Performance Management
AI aids managers and HR professionals evaluate employee performance by analysing data pertaining to productivity, attendance and quality. This results in the identification of areas for improvement.
8. Predictive Analytics
AI tools can analyse large data sets to identify trends and predict future outcomes such as employee turnover or absenteeism. This can enable HR to take proactive steps and address potential issues.
9. Employee Benefits
An AI-powered tool can help HR analyse employee data to suggest personalised benefits, assist employees in benefit selection, optimise benefit utilisation and detect benefit misuse.
10. Compliance Monitoring
AI can monitor compliance requirements and regulations, such as tax laws and labour regulations. This helps ensure that HR policies and procedures are up-to-date and aligned with legal requirements.
While AI has immense potential to improve HR processes, it's crucial to recognise that every technology has limitations. That's why it's essential to conduct a needs analysis, comprehend the potential benefits and make an informed decision before investing. By carefully assessing your options, you can leverage AI to enhance your HR operations and drive your organisation's success. So, take the time to evaluate your options and make the best choice for your business.
Want to know more about how AI and Big Data can help reinvent your HR function?
Listen to the recording of our parichay webinar
