Artificial intelligence – a key HR technology in the pandemic
Jun 10, 2021
In the early part of 2020, the war for talent was as heightened as ever, and poised to become even more so. Several industries and sectors expected ambitious hiring to cater to strong growth. And automation, artificial intelligence (AI), and other forms of HR technology were frequently tapped to aid HR in efficient, quick, and scalable discharge of HR duties.
It all changed as if in a flash! The world suddenly confronted recession, workforce management became more complicated with record unemployment, and many former workforce members were looking for job opportunities. HR consequently went into overdrive mode, visualizing the universe of employee scenarios amid pandemic uncertainty. In addition to better preparing the organization for what lay ahead, this heightened activity developed the connect with employees as allies by giving due consideration to their health and productivity.
AI had a major impact on jobs… or did it?
Alarm bells were already ringing loud in 2017-2018, with leaders around the world thinking about how organizations would function with thousands of automated jobs. Just two years down the line, the first law of digital innovation (posed by the MIT Sloan Management Review) shone bright: “Technology changes quickly, but organizations change much more slowly.” Smart machines are a growing part of day-to-day work, but are yet to take away a sizable chunk of human jobs.
What this clearly implies, though, is that HR must focus on how AI augments – not replaces – humans.
HR needs AI now more than ever before!
AI is rapidly becoming a key part of HR software solutions spurred by the pandemic. The overwhelming driver was the need to be free from routine tasks and be able to focus on more pressing challenges.
AI offers several benefits for HR.
With AI becoming a key part of HR technology, HR professionals are upping their tech-savviness. Machines provide several benefits for workforce management and other HR tasks. Here is a look at their role in HR:
Automated performance reviews: Automated and data-driven performance management through a focus on factual information
Real-time continuous assessment: For more flexibility, relevant insights, and timely feedback
Learning and development: Informing managers of the need for the same and helping employees improve the requisite skills
Communication and query resolution: Automated repetitive responses to employee queries and providing necessary information at one place
Talent management: Facilitating higher-quality recruitment from better talent pools and thereby better hiring decisions
Data analytics: Data-driven decision-making to solve existing problems and provide solutions to complex challenges beyond human capabilities
Quick and simple information access: Leveraging search engines and voice assistants to get the requisite information
Employee engagement: Boosting this through natural language understanding (NLU) systems and deep learning algorithms
Collaboration and teamwork: Creating a collaborative workplace free of bias, hierarchy, and inconsistency
Recruiters must rethink their role.
The pandemic has merely sped up what was already in process – as early as 2019, a study by Oracle and Future Workplace showed that 50 percent of HR professionals used AI in their work. This represented a 32 percent growth from the numbers using AI in the previous year.
Technology merely streamlined the analog aspects of HR operations, freeing up time for other tasks and creative solutions. Recruiters are now able to:
Identify best-fit candidates from more sources than just job boards
Benchmark potential candidates to experience and skills of high-performing employees
Better engage candidates through conversational flows
Assess candidates against a baseline score and rank them on priority and weightage
There remains the challenge of getting to know candidates without in-person meetings as well as dissecting the data and pinpointing the most important metrics, but the HR software solutions are getting better all the time.
Given the benefits that AI in HR tech brings to recruiters, they must move quickly to understand how they can function optimally in the pandemic era. From functions to processes and technology, everything will need to change as per current requirements. The clear benefits demonstrated by AI in recruitment could well be what spurs its wider adoption and boosts HR efficiency and productivity.
Technology has the floor!
There is no doubt that industries require innovative HR software solutions powered by AI. HR tech powered by AI played a key role in responding to multiple employee queries, create a more transparent HR ticketing process, and streamlining routine HR tasks such as attendance and leave management, among others.
This has encouraged the growth of many HR tech startups, whose work with AI and machine learning (ML) is improving talent acquisition and management, training, engagement, and other aspects of HR hugely. What remains important is to choose the right solution for the particular purpose and circumstances.
Some interesting HR tech startups and their solutions are explained below:
myInterview: Virtual hiring platform allowing employers to ask candidates questions, displaying their videos with their bios, and using algorithms to match the candidate with the employer
Sykes Enterprises: Assessing language capabilities and demeanor fit for the job at hand
iXceed Solutions: End-to-end recruitment solutions for candidates and clients
Instahyre: Advanced hiring platform leveraging AI to hire talent with higher accuracy and lesser time
Mettl: Customized assessments across employee lifecycle
EdGE Networks: AI-powered talent decision platform with actionable analytics and insights
The industry is loving HR technology!
Given how companies have been seeking solutions to persistent HR tasks and problems, they took to HR tech like ducks taking to water, with conversational AI (AI-powered tools that respond to verbal inputs) making its place quicker than they had anticipated. Read on below to know about some successful adoptions:
The last word…
AI is undoubtedly reinventing HR, with the latest advancements fast becoming mainstream. Employees are demonstrably in favor – back in 2018, a PwC survey showed that nearly 75 percent employees prefer partly or fully digital interactions for common HR tasks. HR must assess its needs carefully and work closely with its tech vendors to identify the best solution for its needs, along with securing leadership buy-in by demonstrating its benefits.