Data-driven approaches and artificial intelligence (AI) are transforming human resources (HR), with AI-driven HR becoming a key business strategy. This change is driven by the need for increased productivity and efficiency, with HR technology offering the potential to automate routine tasks, freeing up HR professionals to focus on more strategic activities.
AI can help with recruitment by screening CVs and conducting initial interviews, while predictive analytics can identify employees at risk of leaving. Furthermore, AI can assist with training and development, using machine learning algorithms to personalise learning and development plans for each employee.
Data-driven HR allows businesses to make more informed decisions, using data to identify trends and patterns that can inform strategy. For instance, data can show which benefits are most valued by employees, leading to more effective benefits packages.
However, there are challenges associated with AI-driven HR. These include the risk of bias in AI algorithms and the need for transparency in how AI is used in HR processes. There is also a need for clear guidelines on data privacy and security. Despite these challenges, the benefits of AI-driven HR are significant, and the trend towards more data-driven approaches in HR is likely to continue.
Go to source article: https://www.forbes.com/sites/bernardmarr/2023/12/08/the-evolution-of-data-driven-and-ai-enabled-hr/?sh=2cdac7451549