Artificial Intelligence for HR and how it can benefit your business
AI (Artificial Intelligence) is having a major impact on the way businesses operate and people work, with innovators continually creating new technology into HR operations on a regular basis. Devices are becoming smarter, tasks are getting done more quickly and highly efficient processes are now standard, all of which are major benefits for businesses.
AI makes machines smarter, allowing computers to use data and actually mimic learning in a similar fashion to humans, with one of the main objectives of AI integration being to increase the accuracy and efficiency of processes.
AI is being implemented by HR departments for improvement of the delivery and management of a wide variety of human-related workflows.
How HR is being impacted by AI
HR is a special business function because it is involved in a number of other departments and needs real people to engage in employee management while making use of the latest technology to improve processes such as benefits administration, database management and payroll. There are a number of ways in which Artificial Intelligence for HR is making a huge impact.
Data management
AI is playing a vital role in the ability of HR to manage information and to make use of automation tools for the completion of administrative tasks such as data entry and paperwork that were once very time-consuming for the department.
Live support
More HR departments are making use of chatbots, which enable real-time employee interaction with AI when they need information about company policies or their benefits package. HR chatbots can find the relevant information and deliver an answer very quickly.
Payroll
AI can also make improvements to payroll management, cutting down on costs and human error while also increasing efficiency and output in regards to payroll and a number of other finance functions that are reliant on receiving accurate financial data.
Recruitment
Recruitment and application review processes are very time-consuming for HR departments and AI enables candidate vetting to be sped up for HR professionals. The use of AI tools also helps to improve the process for applicants with experiences and forms that are considerably more user-friendly attracting superior talent and ensuring the completion of applications by interested parties.
Self-service
Employees enjoy having access to their information and completing employment forms and processes on their own. An increasing number of HR workers are creating online portals that allow workers to see and update their own details, view pay stubs and make benefit selections. These self-service improvements have been made possible with automation because of smarter programs and applications.
Scheduling and intake
AI tools can automate HE scheduling and intake processes, including sending notifications for upcoming appointments, interviews and meetings as well as automating the process of uploading data for new hires and potential candidates.
HR can make the most of the benefits that AI is able to provide by having AI integrated into normal operations in order, allowing for much faster workflows that require less intervention from humans, thus saving employees’ time and businesses money.
