AI in HR does not mean machines taking over the world or replacing people at work.
Technology is disrupting this industry of Human Resource, making it more efficient and effective than ever before. But how does Artificial Intelligence fit into what’s happening in the world of HR? The world of HR has long been plagued by manual work that can be done more efficiently through automation. It’s not just about saving time- it also means there will be fewer errors in data analysis, which means less risk for human error. But what does this mean for humans? Does AI take away our jobs?
Futurists have long predicted that AI would one day replace humans at their jobs, but the reality is far more nuanced. AI in HR may be inevitable, but it’s not all bad news for human workers. Here are some ways that AI will change your job and how you can stay ahead of the curve. Artificial Intelligence in HR has already started to automate tasks like hiring people and assessing resumes. This means less work for human recruiters to do, which frees up time for them to focus on higher-level goals like coaching employees or helping with succession planning and the rise of machine learning could lead to a future where computers make decisions about who gets hired based on data and analytics.
This could be a good thing, as it takes the subjectivity out of hiring decisions, but it could also lead to discrimination if the algorithms used to make these decisions are not well-designed. Another way that AI will change HR is by providing employees with more personalized feedback and coaching. Thanks to machine learning, HR software will be able to track an employee’s performance over time and give them tailored advice on how to improve. This could be a great way to help employees reach their potential, but it also means that HR professionals will need to up their game when it comes to giving feedback and coaching employees.
Here are some AI HR startups to watch with great potential to disrupt the industry:
It is a cloud-based talent acquisition and management solution which helps human resources (HR) teams manage the entire talent lifecycle through artificial intelligence, from hiring candidates to retaining employees. The platform also provides tools designed to eliminate bias and encourage diverse hiring.
A startup which uses deep learning and artificial intelligence to help companies find, recruit and retain workers. It is valued at $2.1B in SoftBank-led $220M funding. The company plans to use the new funding to continue its expansion internationally and to invest in product development. Softbank ‘s investment will also help the company expand its sales and marketing efforts.
Eightfold.Ai was founded in 2016 by Ashutosh Garg and Vikram Gupta. The company’s platform uses artificial intelligence (AI) to help organizations with recruiting and talent management. The company has offices in Mountain View, California; New York, New York; and Gurgaon, India.
In May 2018, Eightfold.Ai announced it had closed a $22 million Series B round of funding led by SoftBank Group with participation from existing investors Foundation Capital, Wing Venture Partners, True Ventures, and FirstMark Capital. The new funds bring the total amount raised to $32 million.
It is an autonomous conversational AI-backed platform that helps enterprises better employee experience. The platform is powerful, flexible, and made to meet the needs of any enterprise. Leena AI plays well with 20 plus platforms, including SAP SuccessFactors, ADP, Oracle, Workday, and Microsoft Office 365. It is trusted by 1M employees across companies like Nestle, Puma, AirAsia, Coca-Cola, Lafarge Holcim, and Abbott. The platform is capable of handling every aspect of employee experience across the employee lifecycle. From FAQ automation and employee engagement right up to employee onboarding, the platform aims to help organizations streamline all HR workflows. Leena AI is a one-stop solution for all your employee experience needs. The platform offers a suite of tools to help you automate HR workflows, engage employees, and improve employee onboarding. With Leena AI, you can streamline all your HR processes and create a better employee experience.
It is an AI-powered knowledge cloud for unified discovery, knowledge management, and personalized learning. EdCast offers a unified platform designed to operate end-to-end employee experience journeys spanning learning, skilling and career mobility. Its award-winning platform is used internationally by organizations ranging from large Global 2000 companies to small businesses and governments. Organizations are turning to AI for its ability to scale and adapt learning content more easily than humans can. Additionally, AI can help identify and target skill development needs earlier than a human manager might. And while there are many benefits to using AI in HR, humans still have an important role to play.
For example, AI can help identify potential employees who may be a good fit for a role, but it’s the human managers who ultimately make the decision to hire. Additionally, while AI can help create and deliver training content, humans are still needed to provide context and ensure that the content is relevant and engaging.
The Legion AI-powered workforce management platform optimizes labor efficiency and employee engagement simultaneously at scale. Customers have significantly reduced labor costs, cut scheduling time in half, and achieved 95% employee engagement. Employees get better schedules that more closely match their preferences, modern tools, and gig-like flexibility. Organizations optimize their labor spend, have happier committed workers, and are up and running with Legion WFM in as little as three months.
AI is the future of HR, but humans still have a role to play. AI can help with administrative tasks such as scheduling and approving vacation requests, leaving much more time for human resources managers to focus on higher-level tasks such as talent acquisition and coaching employees.
The HR industry is changing. Artificial intelligence (AI) has become a more and more common tool, used to make strategic decisions about human resources. But AI isn’t the only way we’re seeing change in this field: there’s also been an increase in outsourcing, and new types of digital technology like chatbots and virtual assistants are helping HR departments run their day-to-day operations.
AI is now being used in HR to manage talent, execute recruitment campaigns, create candidate pipelines, identify top performers, and more. But this doesn’t mean humans are out of a job. In fact, there are many jobs for which AI can’t do anything at all – yet!
We’ve seen how AI is being used in HR today, and it’s clear that it can be a valuable tool. However, we must remember that AI is not a replacement for humans. It’s a tool that can help us to be more efficient and effective in our roles. When used correctly, AI can augment our abilities and help us to make better decisions. In the end, though, it’s important to remember that humans are still the ones in charge. We need to be careful not to let AI take over our roles entirely. We must remember that we are the ones who are ultimately responsible for the success or failure of our organizations.
