How is AI transforming the future of HR?

With the widespread focus and interest in the various ways artificial intelligence (AI) has started influencing and impacting specific areas, it must come as no surprise that AI is rapidly transforming the sphere of human resources (HR) too. AI has been reinventing critical HR responsibilities and is being used across tasks, whether it is in recruitment, performance management, or onboarding.

So, how is AI being integrated into the realm of HR? Let us consider a few areas:

Recruitment

Gone are the traditional ways of doing things while recruiting candidates into an organization. AI algorithms and tools have now certainly made their mark in the field of recruitment. AI algorithms analyze resumes and can shortlist profiles that match specified job descriptions. AI tools can even learn from earlier hiring decisions and predict which profiles meet and match the said requirements. Video interview platforms also have AI integrated into them, reducing human error rates and creating a fair chance for each candidate to make the grade.

A few years ago, the global furniture and lifestyle company Ikea used an AI-based hiring assistant called 'Robot Vera', which was built by a 2017 Russian startup. Vera could do what a human could not: conduct 1,500 interviews in a single day and send out customized follow-up emails to candidates. Companies like Kraft Heinz are very particular about diversity and use AI tools to ensure that their job ads eliminate any unconscious bias and use inclusive language to help build a diverse applicant pool. How To Get Started With AI in Recruitment

Improved employee onboarding

It is no secret that employee onboarding is one of the most crucial stages of welcoming a new employee to an organization and making the employee comfortable and at ease. AI systems have had a profound impact here as well by automating some of the repetitive tasks related to onboarding and providing personalized experiences to new hires. AI-powered chatbots ease the load on the HR department by responding to common queries from new employees. AI-driven learning and development programs are used to suggest training modules based on candidates’ skills and areas for development.

Performance management

Spotify, which runs one of the most popular audio streaming subscription services, has an AI-powered performance management system. The company’s internal talent marketplace, called Echo, uses AI-automated matching to enable employees to find relevant projects and new growth opportunities within the organization. Echo even identifies the learning and development needs of the employees and gives them a chance to learn from the best talent at Spotify (based on skills) by using AI to match employees with mentors from across the globe. On similar lines, several other companies use the benefits of AI to augment the skill sets of their employees.

Analytics and Reporting

AI primarily helps HR departments get better insights into their organizations’ employees.  These insights can be used to plan for improved organizational performance and efficiency. Apart from all this, AI enables workforce planning by anticipating workforce requirements that would be needed for the future of an organization. The technology can be used to predict the potential impact of any decision on employee sentiments, which could, in turn, impact their longevity with the organization.

Employee engagement

AI chatbots interact with potential candidates and answer typical queries that candidates have regarding the company, job, and application process. Predictive analytics is used to find patterns in employees’ behavior and gain insights about their engagement levels with the organization. The analytics can be used to predict employee turnover and prompt HR departments to take suitable steps to intervene and ensure that those candidates are re-engaged. AI even has the potential to improve mental health at the workplace by identifying patterns and early warning signs in employee behavior so that HR departments can proactively offer support.

AI is well-entrenched in the realm of HR. In fact, according to Gartner, 76% of human resources leaders believe that if their organization does not adopt and implement AI solutions in the next 1 or 2 years, they will not succeed as other companies do. If your organization’s HR department has not jumped on the AI bandwagon yet, it is time to do so without further delay!

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