Rapid advancement in technology has enabled HR departments to streamline their workflows by automating tasks and devoting time to employee-centric process enhancements. This includes continuous performance analytics, managing HR tasks in minutes, data-backed resources, generation of insights, etc. HR management is crucial for every business as the department is responsible for essential processes such as training and development, payroll management, time tracking, and maintaining employees’ well-being.
Bringing automation to repetitive and time-consuming HR tasks such as employee onboarding administration, payroll management, timekeeping, and much more – allows the HR personnel to focus on more strategic tasks leading to improvement in the functioning of departments across the organization while reducing the chance of human errors.
Application of AI in HR Processes
HR departments across businesses and industries can leverage AI-based HR solutions to reduce the workload and help employees manage more complex tasks, here’re a few of the many areas in the HR space where automation can be beneficial:
Time Tracking and Attendance Management
Automating HR solutions can streamline the process of monitoring each employee’s schedule. Some of the HR automation tools can automatically review timesheets, provide information on the working hours, and streamline approvals to manage payroll processes better. Given the potential of process automation, many enterprises have been leveraging AI to streamline HR processes, right from the word go. AI and machine learning-based HR solution models can easily track and provide real-time analytics, allowing enterprises to get in-depth insights and make better decisions.
Continuous Performance Analytics
An automated performance management process can help employees regularly align their contributions to their organization’s overall business goals. It standardizes the whole process and makes performance reviews continuous and meaningful. Enterprises can use automation tools to identify, measure, and provide suggestions to improve the performance of employees – from real-time feedback for effective employee development to actionable insights and steps towards motivational welfare programs.
Payroll and Leave Management
Payroll management is a slow process that takes hours and is prone to errors due to the excessive manual effort involved. AI-led automation can streamline activities like salary disbursement resulting in better time management, accurate calculations of the pay, and easy storage of payroll records. HR executives are also responsible for keeping track of leave balance, getting manager approvals, and keeping a track of leaves. With the power of AI for HR solutions, crucial processes like leave and payroll management can be easily automated for enterprises, irrespective of their size or stature.
Analytics and Metrics for Effective Management
HR departments constantly have to deal with the challenge of maintaining all their employees’ information in a centralized system. AI-led automation tools not only help HR teams store pools of data, but these tools can be designed to be cognitive and intelligent. With human-like powers of comprehending the requirements of the end-user – which in this case can be employees and managers alike, automation tools make it possible to fetch specific data at any given point of time.
Automation tools can also analyze collected data to provide useful insights via user-specific metrics on a powerful dashboard. These insights can be further used by the management to understand employee sentiments, for example, by measuring the impact of vital HR policies on individual employees. Automation tools also help businesses keep an eye on key elements like retention, and absenteeism rates and empower a boost in productivity through employee engagement – helping businesses create a pleasant environment and workplace culture.
Benefits of AI-based HR Solutions
Traditional performance management is cumbersome, inflexible, and non-responsive to the needs of the current workforce. AI-based HR solutions enable HR teams to easily manage their core duties and minimize manual errors in the process. Through automation, the HR department can classify the low points in their employees’ performance, work towards increasing productivity and improve the company’s profitability.
When implemented effectively, HR automation offers benefits such as extracting data-driven insights, making intelligent business decisions with insightful reports, improved transparency, creating clear roles among employees, and more – enhancing the overall experience of the HR teams as well as the entire employee base of the organization.
Given the importance of the HR function in an enterprise, HR automation is becoming a must-have for any organization’s digital transformation roadmap. HR automation, if done right, can help drive bottom-line growth. It helps the HR personnel to focus on more strategic tasks such as managing and addressing complaints and organizational design rather than spending time dealing with routine tasks – making the HR department more responsive, open, transparent, and measurable which directly translates into lower attrition and higher retention as well as productivity among the employees.
Automate HR Processes with E42
Built using machine learning, NLP, and artificial intelligence, the E42 AI HR Executive can function as a fully cognitive business assistant with the intelligence to learn from every interaction. Working round the clock, this AI assistant proficiently reduces the resolution time of employee queries and manages a volume of HR tasks in minutes – steadily improving business efficiency and productivity.
To start reaping the benefits of AI for your HR function with the E42 AI HR Executive, get in touch with us at email@example.com today!