Are you ready to embrace AI for HR? In today’s fast-paced and digitally-driven world, artificial intelligence has emerged as a transformative force across various industries, and the field of human resources is no exception. Undoubtedly, AI technologies have quickly revolutionised the HR landscape; according to SHRM, 88% of companies globally already use AI in some way for HR. This includes tasks such as recruitment and hiring, onboarding, employee records management, and payroll processing.
Despite many people’s concerns with AI taking over HR, its use will continue to project upwards for years to come, with 92% of HR leaders intending to increase their use of AI within their role. Artificial intelligence will soon be unavoidable – instead of fearing it, why not foster its power? In this blog, we will explore four key ways AI is impacting HR, and how professionals can utilise it to their greatest advantage.
Recruitment & Hiring
Using AI to recruit is among one of the first HR tasks AI has been used to enhance. From job posting to analysing CVs, AI has significantly reduced the time spent recruiting new employees by automating manual tasks. Although controversies have arisen as a result (i.e. lack of STEM diversity leading to AI primarily “recruiting” white males for STEM jobs), the technology behind this has since evolved, since proving to be one of the most revolutionary pieces of modern HR tech.
AI-powered tools and algorithms can analyse resumes, screen candidates, and identify top talent based on predefined criteria, significantly reducing the time and effort spent on manual resume screening. These tools can also assess candidate skills through automated assessments or simulations, providing objective and standardised evaluations. By leveraging AI in recruitment, organisations can improve candidate quality and enhance the overall recruitment experience for both candidates and HR professionals.
Onboarding is an essential part of HR to get as close to perfect as possible. A study carried out by Digitate shows that a negative onboarding experience can make new hires twice as likely to look out for other jobs immediately after starting their new role. As a result, HR professionals are constantly seeking new ways to effectively ensure seamless, satisfactory onboarding – this is where AI comes in.
AI can greatly enhance the onboarding experience by automating various aspects of this process. AI-powered chatbots or virtual assistants can provide instant support and answer frequently asked questions, guiding new hires through the onboarding journey. Moreover, these intelligent systems can deliver personalised onboarding content, such as training materials, company policies, and orientation schedules, tailored to individual needs and roles. AI can also automate administrative tasks, such as form filling, document verification, and task assignments, reducing the manual burden on HR personnel – all the more appeal for HR teams!
Employee Record Management
It’s easy for maintaining cohesive employee records to become a chaotic burden, yet it’s necessary to ensure compliance, effective decision making, and organisational transparency. Access to comprehensive and reliable employee data enables HR professionals to make informed decisions about talent management, training needs, and performance evaluations. Properly documented records provide a clear trail of employee history, including appraisal and disciplinary actions, ensuring fairness, transparency, and consistency in HR practices.
AI can foster effective employee record management in a number of ways. Firstly, intelligent document management systems powered by AI can automatically organise and categorise employee documents, making it easy to retrieve specific records. Compliance with regulatory requirements can also be facilitated by AI systems that identify discrepancies and flag non-compliance issues. Furthermore, predictive analytics based on AI algorithms can forecast future workforce needs and assist in HR planning, which can greatly assist in nurturing workforce empowerment.
These days, the best employee monitoring softwares are now incorporating AI to automate the payroll process while driving AI-powered decision making with insights and reports. Manual payroll processing has become outdated, and systems which incorporate AI are the key to enhancing accurately and timely pay, alongside workforce empowerment.
State-of-the-art payroll softwares have evolved to provide users with AI driven data insights at the click of a button. These insights create reports that allow Payroll/HR professionals and employees alike to easily identify trends, spot potential issues, and make data-driven decisions. These reports give your teams absolute and real time visibility of your business, proven to make your workforce more financially aware with payroll transparency, all at the hands of AI.
AI is revolutionising the field of HR, transforming how organisations foster their workforce. From streamlining recruitment processes and enabling data-driven decision making to enhancing onboarding and automating administrative tasks, AI is reshaping the way HR professionals work. Embracing AI technologies allows HR departments to become more strategic, efficient, and agile in meeting the evolving needs of the workforce. Organisations that choose to leverage AI in HR as opposed to hiding from it will gain a competitive edge by attracting and retaining top talent, fostering innovation, and driving sustainable growth in the future of work.