The Future of HRM: Embracing AI and ML for Increased Agility
As we enter a new age of digital transformation, HRM functions must adapt to stay relevant and competitive. The use of AI and ML in HRM is not a passing trend, and these technologies are here to stay. They offer several benefits that align with the new concept of agility in HR functions.
The usage of AI in HR functions is not a new concept, as HRM has been leveraging it for several tasks such as candidate sourcing, engagement, onboarding, training, and more. AI is making a significant impact on HRM functions in various ways, some of which are discussed below:
Improved Decision-Making with AI and ML Predictions
AI can predict employee performance, changes in employee engagement rate, ROI, retention rates, and unforeseen risks. These predicting capabilities of technology allow managers to make better and more informed decisions. AI collects data from various sources and analyzes it to find anything that can be useful in making an HR decision.
Building Better Employee Referral Programs
AI can analyze data from previous referral programs and detect when candidates like successful candidates in the past are being recommended. This helps in gaining useful insights into who refers to the most valuable candidates.
Enhanced Employee Engagement Rate
AI-powered chatbots can communicate with employees like human replicas. These chatbots play a significant role in HR as they solve queries of candidates and employees, provide resources to learn from, and gather useful insights and feedback on employees' opinions. HR managers can then work on this feedback and show employees that their voices matter.
Making Recruitment Easy with AI AI/ML-based recruiting processes is considered a lifesaver for today's HR teams. They eliminate the need to match resumes to job descriptions, schedule interviews, manage talent pools, or answer every applicant query manually. AI efficiently handles these tasks, freeing up the HR team's time to focus on strategic and human-centric tasks.
AI in the L&D Department AI/ML can build learning pathways that are purely personalized for the learner based on capacity, current skills, job role, and more. HR managers don't have the time to analyze each employee's learning style and provide personalized training programs. AI can handle this task effectively. With the fast-paced world we live in, skills become outdated fast, so it's crucial to keep the workforce trained with the latest equipment.
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.
.png)
