Artificial intelligence (AI) is a sunshade word that includes multiple technologies, such as deep learning, machine learning, strong AI, machine reasoning, computer vision, and natural language processing. AI has a need and use cases in almost every enterprise upward and is supposed to be the next important technological transformation, similar to earlier developments like the computer age revolution, the industrial revolution, and the smartphone.
- Attracts Talent
Moving the attention of a candidate plus shifting the traffic towards a company’s hiring page is one point where an AI can and is seeing an extensive application. Various professional and job-finding sites such as LinkedIn, Glassdoor and Indeed apply machine learning algorithms to give job references to their users.
Utilizing data collected from a user’s action such as posts, clicks, list of connections, search history, and other such standards, and the AI development helping recruiters by letting attraction and deviation of talent to companies.
- Quickly Responds to Queries
An organization is nothing short of a retail brand. According to a study, over 22 percent millennials expect a response within 10 minutes of getting in touch with a consumer brand. The value of reaching out to consumers, in this instance, candidates, within the shortest span is of top concern these days, as it can be a crucial factor in losing a good candidate to an extremely active competitor. Also, candidates having inquiries about their application and other data related to it may inquire fast replies. Thus, AI can walk into this role and facilitate this task and decrease the load on the HR staff. The chatbot answers inquiries provide candidates with current updates, give feedback and help during every step of the hiring process.
- Predict Outcomes
Of late, AI is being used to divine the results within various aspects of an organization’s functioning. Some models of AI used in the predictive use by AI application development companies involve supply chain optimization, forecasting price trends and extension of the audience base.
Nothing can make the quick superior for his teammates’ ‘I quit’ bomb. The use of AI for the evaluation of attrition tendencies may help do away with the possibility of attrition altogether.
- Managing Schedules
Sifting through calendars and organizers to find the ideal spot for an appointment is both a tedious and time-consuming process even for a personal assistant who is hired especially for the work. Scheduling appointments with candidates, training sessions and additional HR exercises is another section where AI can help grow efficiency. By moving into the role of an advisor, AI can serve to streamline the complete process of scheduling on an organizational level.
AI has studied to help in projects that one can say needed a human touch. Unlike the common fear surrounding their use, it should be seen that AI has come to the aid of humans without replacing them. Compensation in Human Resources management is one such instance of collaborative co-existence between AI and humans.