There is no denying that AI is a hot topic on everyone’s minds right now. Many people strive to leverage AI for business practices, personal use and financial gain. It’s taken over (not literally, of course), but we see more companies like Google and Grammarly launching AI applications. Whether you accept AI or not, it’s important to understand artificial intelligence for HR clearly.
In this article, we’re just going to scratch the surface of artificial intelligence for HR, but be on the lookout – we’ll have more content coming soon.
For now, let’s dive into the top 3 things we believe you should know about AI.
3 Things You Need to Know About Artificial Intelligence for HR
1. Lean on AI to Free Up Time and Meet Company Goals
Businesses must adapt to technological advances like AI to stay relevant and afloat. Artificial intelligence for HR can be extremely beneficial for HR Teams and Leadership. For starters, those time-consuming, manual tasks that bog down your HR staff and refrain them from focusing on important initiatives? AI can help. AI applications can assist in recruiting, hiring, onboarding, learning, professional development and employee monitoring.
In addition to helping HR Team, AI can help move businesses along to reach company-wide goals like cutting costs and improving efficiency across the organization. In fact, McKinsey’s Global AI Survey shows that 23 percent of HR respondents who adopted AI reported an average revenue increase of 6 percent to 10 percent.
2. AI Doesn’t Take the “Human” out of HR
Contrary to popular belief, AI does not have to eliminate all human interaction. After all, we are in the people business, so, understandably, Artificial Intelligence for HR can make people weary. The worry that AI will lead to job loss or reduced job security is one we hear often, but we want to express to you that AI does not equal losing your HR position.
Instead, we want to encourage you to research and learn that when used responsibly and ethically, AI can revolutionize how we approach workforce management — making a more efficient and productive workplace for all involved.
92% of HR leaders intend to increase their AI use in at least one area of HR. The top five areas include:
- Performance Management
- Payroll Processing and Benefits Administration
- Recruitment and Hiring
- Onboarding New Employees
- Employee Records Management
Did any of those catch your eye? Maybe it’s time to start some research…
3. The New Workforce Wants to Adopt AI Possibilities
As Gen-Z slowly but surely moves into the workforce, these digital natives expect to leverage the technology at their disposal, including AI. Nearly 40% of younger workers are excited about using AI capabilities in their roles. Are you going to be the employer that loses top talent because you failed to adapt to the changing technology landscape? We hope not.
The younger generation views AI as a way to work smarter by becoming more efficient and productive. We want to make this clear – artificial intelligence for HR should not replace in-person interaction. Instead, it should be used as a tool to equip employees to do their best work.
AI is everywhere, and we don’t think it’s going anywhere. Now is not the time to shy away from artificial intelligence for HR. It’s time to embrace it.