The use of AI at work has grown tremendously. According to Deloitte’s 2018 Global Human Capital Trends survey, 42 percent companies believe that AI will be widely deployed in their organizations within three to five years.
In the world of HR technology, AI is reshaping employee experience, enabling the selection of the right candidates, enhancing employee productivity, easing and simplifying tedious HR processes. There are two kinds of application in the HR context: 1) Conversational analytics using tools like Chatbots and 2) Machine learning using pattern analysis on data.
Here’s how AI-based tools are transforming employee experience
- Digital matchmaking: Recruiting an employee is about finding the right person for the right job at the right time. AI-based tools like Alt recruit help identify relevant candidates as per the job description. It can suggest ideal candidates for a particular job role and it does this by matching information across databases and social media platforms.
- Conversational interfaces have revolutionized the way an employee accesses information. From attendance records to workplace policies, conversational interfaces like Jinie address basic employee queries, creating a win-win scenario for both the employee and HR.
- Early warning of employee behavior: Whether it is an employee slacking at the workplace or one that needs support, AI-based tools can support a company’s efforts on employee well-being. By tracking metrics such as leave, attendance, time spent at work, the tool can help warn managers and HR professionals.
- Personalized career: In a world that’s increasingly shifting towards hyper-personalization, whether it is a movie or product recommendation, AI-based technology tools like Alt learning suggest learning courses contextualized to an individual’s profile, strengths, and experience.
While there are a number of applications that AI-based technology helps support, there are other emerging areas that this technology can help with. A few areas include: Talent Retention, a key concern for HR teams can benefit from building predictability. But AI-based tools require time to mature depending on data. 2) R&R to top performers can also benefit from AI-based technology by rewarding employees on the spot instead of a yearly recognition. This is however still in development stages. 3) Sentiment analysis which is based on a combination of analysis of various social media interactions, visual recognition or facial recognition can help tap into data points that were previously unimaginable. Using AI-based tools enables HR professionals to focus on building relationships, whether it is in recruitment or at work.
PeopleStrong is a leading HR Technology Solutions Provider with a suit of applications like Alt Recruit, Alt Worklife, Alt Learning, Alt Payroll and Alt Messenger which are built to help organisations like yours benefit from latest HR and Technology processes. To Know More how we can help your organisation, please Contact us.
This article is part of PeopleStrong & PeopleMatters Learning Initiative
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.
PeopleStrong’s Recruitment Technology (Alt Recruit) is a smart, scalable and one-stop recruitment solution for hiring the top talent. It is not merely an Applicant Tracking System (ATS), rather is AI-enabled, Unified, Intuitive and Intelligent recruitment platform which powers end-to-end hiring processes of 100+ organization across the globe. It is integrated with 50+ candidate sourcing channels, processes over 1 million candidates per year and rolls out 60,000+ joining offers per year.
Get in touch with our recruitment solutions executive to know more about Alt Recruit and how we can manage your Recruitments better.