Artificial intelligence can help human resources functions like talent acquisition, onboarding, training, performance evaluation, and retention. It allows recruiters to quickly screen large numbers of applicants and identify the best candidates. AI personalized onboarding and training programs to improve new employee retention. Performance evaluation and feedback is made more objective and continuous through AI analysis of work progress. AI also helps predict employee needs and identify risks of dissatisfaction to support retention efforts. The global AI market is growing rapidly and enabling more efficient HR management and monitoring of employees.
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AI IN HR
1. ARTIFICIAL INTELLIGENCE IN HR
SUBMITTED TO SUBMITTED BY
Dr. Gunjan Rachi Pandya
MBA-PA II
PRESTIGE INSTITUTE OF MANAGEMENT AND
RESEARCH, INDORE(M.P.)
2. WHAT is Artificial Intelligence
“The science and engineering of making intelligent machines, especially intelligent
computer programs". John McCarthy(FATHER OF AI)
Algorithms that train themselves to simulate human behavior and to re-imagine
workers experience.
Goals of AI
● To Create Expert Systems − The systems which exhibit intelligent behaviour,
learn, demonstrate, explain, and advice its users.
● To Implement Human Intelligence in Machines − Creating systems that
understand, think, learn, and behave like humans.
3. WHY Artificial Intelligence
AI can help eliminate repetitive tasks, accelerate the search for talent, reduce
employee attrition and improve employee engagement.
4. HOW Artificial Intelligence helps
Talent Acquisition
Talent acquisition software can scan, read, and evaluate applicants to quickly eliminate 75% of
them from the recruiting process.
- Allows the recruiter to spend more time analyzing and evaluating only a smaller group of
eligible candidates
- Increases the quality of hiring decisions
- Saves money because there’s no extra cost of poor hiring decisions
5. HOW Artificial Intelligence helps
Onboarding
New employees demand a lot of attention and it is often impossible to dedicate enough
time to each one of them. AI determines customized onboarding procedures for every
single position.
- Resulted in higher retention rate for new employees who went through well-planned
onboarding programs had much higher retention rates than their peers who didn’t
have the same opportunity.
6. HOW Artificial Intelligence helps
Training
AI can successfully plan, organize, and coordinate training programs for all staff
members.
- Helps determine the best timeframe for new courses and schedules lessons so as to
fit the preferences of all employees individually.
- Employee centric focus
7. HOW Artificial Intelligence helps
Employee Performance Evaluation
Using AI tools, HR managers are enabled to set concrete objectives and let all teams
work in smaller increments..
- Work is easier to follow and assess and it generates better overall results
- Improves productivity and also detects team members who show lack of
engagement continuously
8. HOW Artificial Intelligence helps
Retention
AI has the ability to analyze and predict the needs of staff members.
- Work is easier to follow and assess and it generates better overall results
- Better understanding who should get a raise or who might be dissatisfied with the
life-work balance
- Helps managers to be proactive and solve the problem even before it occurs
9. CONCLUSION
AI is everywhere these days – from simple calculators to flight controls and space
operations. It also enables HR executives to improve results and monitor employees more
efficiently.
The global artificial intelligence market size is expected to reach $169.4118 billion in 2025,
from $4,065.0 million in 2016 growing at a CAGR of 55.6% from 2018 to 2025. Artificial
intelligence has been one of the fastest-growing technologies in recent years.