AI is Revolutionizing Human Resource Management (HRM) – Here’s How!

If you’re in human resources, your day is probably filled with monotonous tasks, right? For instance, the mountain of files and folders must be daunting. Wouldn’t it be easy to sit back and let machines do the work? You’re probably thinking “if only that were possible!”. Well, thanks to artificial intelligence (AI), there’s no need for wishful thinking anymore – AI HR automation is already here! In fact, the implementation of AI and machine learning in HR is already transforming the domain as we speak. Research shows that believe that AI can be a boon to HR. And, it wouldn’t be an exaggeration to say that more will hop onboard with HR automation solutions once they see their potential in action. 66% of CEOs believe that AI can be a boon to HR. And, it wouldn’t be an exaggeration to say that more will hop onboard with HR automation solutions once they see their potential in action.


But how exactly does AI help? Let’s take a look!

Finding the perfect candidate

Given the number of applications that a job posting receives, finding the right candidate can be a herculean task. And more than half of all recruiters agree. This is where AI makes a world of difference. AI led automation streamlines the entire process by allowing candidates to submit resumes, and undergo initial screening before interacting with a person. It saves time and resources by enabling HR to pull from a much smaller, more qualified group of candidates.

 

Improves engagement

Don’t you just hate it when people don’t call you back on time? As human beings, we like to communicate, so it’s only natural that a lack of communication makes us lose interest in building a relationship. The same holds in our jobs. 50% of candidates state that they lose interest in the job when a potential employer doesn’t respond on time and 40% state that they completely lose interest when they don’t hear back within a week. AI can be integrated into the process to keep the candidate informed and offer feedback through their journey. AI can also update candidate records to include any new skills or experience that they might have gained since the last time you interacted.

 

Onboarding

Adapting to a new role can be made seamless by automating the HR function. It can help the new recruits get a grasp for the new job, role, and company seamlessly. Although orientation remains the best way to introduce a hire to company policies, culture, and other processes, AI can handle all the basic questions and offer information regarding company programs.

How many of us remember what was covered in the training and conferences that we attended? Most of the time, we only remember bits and pieces, right? Well, there’s no need to feel bad about it. The fact is, only around 10% of employees remember what was covered in initial conferences and training. The good news is that AI doesn’t forget. Implementing AI in learning reinforcement can help solve this problem.

 

Eliminates bias

As humans, we are prone to bias. We mostly rely on our judgment when it comes to making decisions. Even if we rely on facts and figures, monotonous tasks can impair our judgment. On the other hand, AI relies on data analysis to make decisions. Meaning, it can evaluate a candidate’s strengths, and present the right candidate to the recruiter. While the recruiter still gets to make the ultimate decision, they can do it without the monotony and potential bias.

 

Employee management

HR doesn’t end with onboarding. Even if you find the best candidates, managing them is a continuous task. AI can be implemented in HRM processes to manage numerous aspects of employee management.

We have moved into a digital world where jobs are moving online. Keeping track of employees working on-site is a massive task itself. This only gets more complicated when employees begin to work online. Hence, the answer lies in AI. It’s more than capable of identifying the key metrics to measure productivity and can even be trained to help you define pay, and performance among candidates.

 

Conclusion

By now, the benefits of AI are pretty clear. AI-based automation is the future of HRM. With its ability to simplify tasks for us humans, AI is allowing HR to stay focused on the human element, while it handles everything else. However, it’s just the beginning of a revolution that this Sci-Fi like technology is bringing across enterprise functions including HR. One thing’s for sure, HRM can be made highly efficient with HR automation solutions with their ability to learn and analyze data!

 

Automate your HR function with E42

E42 is a no-code cognitive process automation (CPA) platform to build AI co-workers that automate enterprise functions across verticals. Our suite of AI workers built specifically for the HR function including AI Onboarding Executive, AI HR Operations Executive, AI Employee Welfare Executive, and more are already transforming the experience for employees as well as the HR personnel for leading organizations across the globe. To know more and embark on your enterprise automation journey with us, write to us at interact@e42.ai!