Until very recently, the primary function of the HR technology was to ameliorate the efficiency and effectiveness of the process by automating the repetitive tasks.
However, today, the presence of smarter technologies enable the HR teams to disentangle the crucial business challenges, drive exponential performance and even impact business outcomes and profitability.
Artificial Intelligence is proving to be indispensable when it comes to HR’s transition from managerial to strategic to mission-critical.
Before we proceed further to explain how AI (Artificial Intelligence) has been beneficial for Human resources as a function, we should cover the surface about what in fact is, AI.
What is Artificial Intelligence?
For starters, AI enables machines to ‘think like Humans’.
It is a field of computer science where it aims to solve cognitive issues through interaction, visual perception, learning, reasoning, natural language processing, and planning, all associated with Human intelligence.
Machine learning, deep learning, neural networks, image recognition & predictive analytics are just a few terms that are categorized under Artificial Intelligence.
Now that you understand a little about AI, let’s answer 5 Questions related to AI that you wanted to ask, but never did.
1. Is Artificial Intelligence Even Relevant for HR?
A very core aspect of HR management is accumulation and management of people data.
The importance of AI goes beyond talent acquisition.
It has streamlined many human resources processes. This sophisticated solution excels at recognizing patterns, planning and adapting in ways that mimic human intelligence.
People, with their basic instincts, tend to grow tired or bored or may bring unconscious biases into their decisions. Artificial intelligence is fast, tireless and highly effective.
From scheduling meetings to training the employees, AI technology streamlines basic organizational processes and everything else.
Also eliminates the chance of human error.
It excels at tasks that rely on data processing and pattern recognition and complete these functions faster and more efficiently than human beings can.
Thus, this makes AI a valuable tool for automating various aspects of HR.
On hindsight, right before deciding to implement AI solutions for HR, we suggest you analyze your business thoroughly and pay attention to the areas where HR and AI can partner and improvise the process.
Payroll and HR are at the core of every organization. With new-age workforce distributed across geographies, organizations are grappling with multiple payroll processes, numerous pay-components, and inconsistent tax and compliance handling. Alt Payroll provides intelligent payroll management solution for building smarter workplaces.
Get in touch with our payroll and compliance executive to know more about Alt Payroll and how we can manage your payroll better.