AI serves as a potent tool for HR departments, enhancing their capabilities and effectiveness. AI can also be used to automate tasks such as screening resumes and candidate evaluations.
This can speed up the hiring process and reduce costs. It can be used to customize onboarding processes, develop more useful training strategies, and improve employee retention. It helps analyze employee performance, identify areas for improvement, and help HR departments make better decisions for the growth of the company, thereby ensuring it becomes more efficient and stays ahead of the competition.
Transforming HR Analytics
AI has transformed HR analytics by providing more efficient methods of hiring through digitization and automation, leveraging predictive analytics and data analysis to identify employee leave trends, employees at risk of leaving the company, and enhancing decision-making and driving results.
Artificial intelligence can also reduce human bias, improve relationships with existing employees, improve efficiency and insight in candidate assessment, increase predictive data decision-making, expand HR as a resource, become a tactical and strategic asset, allow more people time for HR, and improve decision-making in a way that leads to better outcomes.
Adoption by Leading Organizations
Recognizing this groundswell of opportunities, HR departments in leading global business organizations have and are adopting AI to improve the candidate and employee experience. They are deploying AI to streamline processes like talent sourcing, interview scheduling, candidate evaluation, training, and development, as well as employee engagement.
Maximizing Talent Strategy
People analytics transform unrelated data points into insightful action plans that maximize talent strategy, and with the integration of AI, HR analytics gain potency and predictive capabilities, enabling HR leaders to anticipate workforce challenges and capitalize on talent opportunities.
So, let’s delve deeper into how AI assists HR analytics across various HR functions.
An organization run by AI is not a futuristic concept. Such technology is already a part of many workplaces and will continue to shape the labor market and HR. Here's how employers and employees can successfully manage generative AI and other AI-powered systems.
Related Content
HR must always include human intelligence and oversight of AI in decision-making in hiring and firing, a legal expert said at SHRM24. She added that HR can ensure compliance by meeting the strictest AI standards, which will be in Colorado’s upcoming AI law.
The proliferation of artificial intelligence in the workplace, and the ensuing expected increase in productivity and efficiency, could help usher in the four-day workweek, some experts predict.
Learn how Marsh McLennan successfully boosts staff well-being with digital tools, improving productivity and work satisfaction for more than 20,000 employees.