How Artificial Intelligence is Transforming HR
Artificial intelligence has swept the world off its feet in the last 20 months. AI is rapidly transforming various fields, such as healthcare, finance, retail & E-commerce.
So, how will AI impact HR?
Let us decode this revolution!
What is AI?
AI is a software with human-like intelligence, and it can solve problems, understand language , recognise patterns and make decisions.
What is Gen AI?
Gen AI is a kind of AI that can create new things like new text, new music, new videos, that look and sound like they were made by a human.
How Microsoft is using AI for performance management?
Microsoft uses an AI powered performance management system that analyses employees data, such as project completion rates, feedback and performance metrics. It then identifies trends and areas of improvement, and can provide personalised development plans and facilitate continuous feedback. This streamlines the review process and enhances employee engagement and growth.
How AI is being used in HR?
- Recruitment & Talent Acquisition- AI can streamline the hiring process by automating resume screening, candidate matching and interview scheduling.
- Performance management - AI enables continuous performance tracking and feedback. It helps in setting personalised goals, identifying skill gaps and proving tailored development plans.
- AI can study trends in attrition, salaries, engagement and providing insights and solutions to understand employee turnover.
- AI can personalise learning experiences by recommending learning courses based on skill gaps and needs of each employee.
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