Machine learning: What it is and its impact on HR processes
ML, or Machine Learning, is being increasingly used by HR teams for a variety of functions. For instance, ML algorithms help HR teams find the best-matched candidates for open positions quickly and accurately, based on data analysis. This reduces human intervention and eliminates personal bias in the recruitment process. ML is also useful in assessing employee performance and predicting future capacity, helping organizations plan more effectively. By using ML to predict employee retention rates, accidents, frauds, and other risks, HR teams can take proactive measures to mitigate these risks. ML can also be used to personalize messages for employees and candidates, as well as provide 24/7 support through chatbots. This improves engagement rates and boosts productivity, which is essential for business growth.
Machine Learning is now a mainstream technology that is revolutionizing business functions and our daily lives. We often click on Netflix recommendations that match our preferences, all thanks to ML.
ML has also made its way into HR processes due to its numerous benefits. Read on to learn more about ML and its impact on HR.
What is Machine Learning?
Machine Learning is a subset of AI and computer science that uses algorithms and statistical models to gradually learn and adapt without explicit human interference. It mimics the way humans learn and develops accuracy by analyzing and drawing inferences from patterns in data, improving automatically with experience and data.
This technology has been around since the 1940s and has been used in various fields. In today's world, we use it in our routine activities without even realizing it. Google Assistant, Google Maps, Alexa, and Siri are some examples. Speech recognition, image recognition, self-driving cars, product recommendations, etc., are other ML technologies that are becoming mainstream.
The field of Human Resources is no exception to the impact of ML. It is changing the way HR processes are conducted.
Alok Nidhi Gupta has built this high tech company from scratch as Co-creator of the organization and lead the organization that filed patents in Smart Metering fields. He has been instrumental in the entire design & development of TalentRecruit’s software offerings, it is under his leadership that recruiters across industries have come to rely on TalentRecruit’s robust solutions.