For any organization, with an even moderately large workforce, Human Resource Management (HRM) includes numerous time-consuming tasks that are not only repetitive but require insight and attention to the specifics of each individual record. Most importantly, these functions need to be performed with an extremely high degree of accuracy in outcome. Artificial Intelligence (AI) driven automation presents the perfect solution for HRM functionality that is accurate, fast and able to handle high volumes of data on an ongoing basis and – as a departure from previous generations of technology – delivers actionable insights to enhance talent identification, retention and engagement.
HRM has already been enhanced by IT technologies for some decades now. Computers and computing have empowered HRM by keeping detailed accurate records, updating and processing employee data, delivering training and providing platforms for managing benefits. The arrival of AI and machine learning is now set to deepen this relationship – indeed redefine it – to a completely unprecedented extent. 66% of the 6000 CEOs surveyed, as part of a 2017 IBM survey, believe that AI will drive significant value in HR. 54% of HR executives surveyed in the same study believe that AI will alter key roles and functionality in the HR domain.
Microsoft Dynamics 365 for Talent uses AI and Machine Learning to deliver accurate and up to date records while automating several employee-oriented processes. The suite is an effective solution from hire to retire, helping to manage benefits and payroll, compliance and functional training, performance reviews, and employee management – among others. It creates and administers a comprehensive framework for human resource management that can streamline any organization’s day to day operations.
The benefits and functional strengths of AI enabled HRM processes
Taking the automation of repetitive tasks and the accuracy of records to a whole new level of competency is a low hanging fruit that AI can deliver for your HR department. HR operations that most dramatically affect the performance of an enterprise are often far more specific and intricate. It is in such tasks that AI truly shines. Here are some of the benefits that AI is already delivering for cutting edge HRM teams all around the world:
As a business process that has benefited massively from incorporating IT technology in its processes, HRM is – predictably – proving to be an ideal ground for the deployment of AI and Machine Learning technologies. A forward thinking and results oriented organization cannot afford to ignore the game changing effect of incorporating these solutions in the HRM processes.