Nearly 40% of companies are using AI in HR. AI-based solutions enable HR executives to save time. They can expand into more strategic roles when mundane activities are taken care of.
Finding good talent is a significant challenge. It takes a lot of time, effort, and money. Artificial Intelligence solutions simplify the recruiting process. LinkedIn is an excellent example of AI solutions implementations.
LinkedIn uses the related job feature to help candidates reach out to companies. It suggests jobs based on previous searches. Finding the ideal candidate becomes easier. LinkedIn AI systems use algorithms to help candidates find the perfect employer.
However, the use cases go beyond this. The initial process of HR is data-driven. Factual information about the candidate provides an overview of his or her background. AI and Machine Learning easily automate this process.
But what are the other AI applications in HR? Let's have a look.
Read More: 9 Ways AI is Transforming Custom Enterprise Software
7 Significant AI Applications in Human Resource Management
There are hundreds of areas where Artificial Intelligence (AI) services are feasible. HR managers utilize Machine Learning algorithms to make sense of candidate data.
Here are the 7 Most Valuable Applications of AI in HR:- Referral Assessment:
- Another great application of AI in HR is assessing employee referrals. The system can identify the type of referrals employees provide. It gives insights into who provides the most successful referrals.
-
AI systems analyze data from previous referrals. It matches new referrals against those who performed well during their tenure. Candidates that convert are usually those who align with the previous performance. It helps to improve employee retention. Companies quickly get an idea whether the referred employee works according to their potential or not.
-
Training & Development:
- New recruits and employees often require training. AI developers build solutions that inform people about their roles and responsibilities. However, based on the skill set, Artificial Intelligence recommends the necessary training required to succeed in a job.
- HR managers have to go through the resume to assess what skill set needs to be improved upon. Artificial Intelligence(AI) services are simpler. They evaluate the skill set on the resume and determine what skill needs to be improved. AI systems then offer the necessary documents for training.
-
Simplify Communication:
- One of the most important benefits of integrating AI applications in HR is to simplify communication. Candidates that reach out to companies have to wait a long time before anyone contacts them from the organization.
- Chatbots, an amazing AI implementation, ease the communication process. They send automated emails to the candidate and answer common queries. The AI system can perform opening round interviews to know the basic candidate details. On top of that, it can simplify internal HR communication. The system can understand what policy needs to be implemented based on the data provided.
Read More: Python AI: Why Python is Better for Machine Learning and AI
Conclusion
Any software development company that builds AI solutions knows how important it is in HR. Managing people is one of the toughest jobs, but Artificial Intelligence acts as a partner to simplify those jobs.
Today, a significant number of companies are utilizing AI applications in HR. Whether it's an enterprise software development company or an MNC FinTech organization, AI is simplifying how HR executives used to manage the workplace.
If you are looking to implement AI solutions in the workplace and need AI experts for that, give us a quick call. We provide FREE CONSULTATION for everything AI. Our team helps to ease the process of HR management and gives you an edge in finding the right talent.
