HR must Leverage the Power of AI 👩‍💻
Tags: Medicine, Life, Health, Covid 19, Safety

When it comes to the world of business, technology is no recent entrant. It may not always have been explicit or visible, but technology has always contributed to the achievement of business outcomes, improving efficiency, and optimizing operations. (AI) coming in, the way humans interact with technology is set to transform and improve by leaps and bounds.

👉Expectations from HR —

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There was a time not long ago when HR was considered a clerical, administrative domain. Record-keeping was the main focus, and strategy was alien to its functioning. Now, however, HR practices have evolved to help take organizations toward their strategic goals — hence the nomenclature ‘strategic HR’. The focus is on performance management, teamwork, and other high-performance HR practices, the domains of talent management professionals.

👉Finding the right talent can be challenging —

Effective talent acquisition is key to growing an organization and helping it contribute to its industry.

. Interviews are highly subjective, often biased, quite predictable, and ineffective in hiring the right persons. And while proactivity would help to strategically stay ahead of the curve, recruitment tends to only react to past events. Bad hires can be costly — financially as well as by dragging down productivity and morale.also face challenges in engaging and retaining employees.

Skill acquisition is especially critical given the onward march of technology and the need to adapt to stay relevant. Inadequate succession planning leaves the organization in the lurch when an employee makes an exit, and tricky compensation expectations have workers continuing to look for better offers.

👉AI can be very helpful -

HR leaders deal with a number of challenges on a daily basis, and AI can be their ally for a smoother ride.

AI facilitates talent acquisition by finding candidates who best match the job requirements with their skills and experience, using machine learning (ML) algorithms to learn common keywords in resumes. AI-based solutions could put out better job posts and reach more diverse candidates. Prospective candidates can be alerted to newly-open job positions, and AI can predict their likelihood of acceptance, their performance, and expected tenure. Reminders and resource review suggestions make for better interviewing, while AI and benchmarked data help individualize job offers and band roles. Administrative burdens of onboarding could also be eased, useful when considering 75% of turnover is rooted in ineffective onboarding.

The potential impact of AI in HR is wide-ranging

AI is transforming every aspect of work — from business models to customer experiences and workforce demographics.

How AI is helping HR is in line with how technology helps any task: doing the same thing at higher pace and efficiency, and lower cost. The difference, for instance, can be seen in how previous avatars of technology speeded up Internet-based recruitment, and how AI is assessing skill matches, estimating time to hire, and predicting how likely a candidate is to succeed in his/her role. HR performance can improve not just incrementally but exponentially!👩‍💻