Human Resources Management with AI

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Human Resources Management with A



In today's competitive business world, where time is critical, AI has replaced all HRM operations as an essential component of HRM. AI is now widely used in HR activities such as payroll, hiring, onboarding, performance management, and personnel records management, according to a recent survey of 250 HR leaders. This is due to the realization by businesses that artificial intelligence (AI) is an important resource optimization and process automation tool required by enterprises seeking cost effectiveness and a competitive advantage. 


How AI is Transforming HRM

Simplifying the Hiring and Selection Process: Artificial intelligence has had a big impact on the hiring and selection process. AI finds qualified candidates based on their work histories and resumes by using state-of-the-art algorithms and machine learning. Additionally, a substantial amount of money, time, and effort are saved by hiring qualified workers.

Improving Artificial Onboarding: Increasing the efficiency of the hiring and onboarding processes by substituting manual tasks with artificial intelligence. This frees up HR staff time to concentrate on promoting employee socialization with the company's culture by enabling them to use AI for onboarding.

 

v Training and Education (ETT): AI-powered learning and development platforms enable employees to assess their own knowledge and receive content that is tailored to their specific requirements. Employee commitment, retention, and results are all enhanced by this personalized approach.

v Employee Engagement: Employers and employees can communicate more effectively successful to Artificial intelligence AI, which provides personalized experiences, insightful surveys, and immediate feedback. Chatbots and virtual assistants powered by artificial intelligence (AI) offer around-the-clock assistance, promoting a welcoming and accommodating work environment.

v Employee Retention: Employee retention requires maintaining a healthy work-life balance, recognizing opportunities for advancement, and providing career planning. AI helps human resource managers retain talent by assisting with performance management, providing new challenges, and ensuring fair compensation.

 

Advantages and Disadvantages of AI in HRM

Advantages

Disadvantages

·       Improvement and efficiency of administrative duties.

 

·       Improved selection and screening process.

·       Increase employee retention and engagement.

 

·        Reasonable decision making based on data analysis.

·       Adherence to labor laws and guidelines.

 

·       Effective, personalized and efficient growth and learning.

 

·       Automating routine tasks increases productivity

·       Artificial intelligence (AI) can come with higher implementation and maintenance costs.

 

·       Risks related to cyber security and data breaches may occur.

·       AI technology may have some problems

 

·       If AI algorithms are to be free from errors caused by biases, transparency is essential.

 

 
 


The Future of AI in HRM


By 2030, artificial intelligence is predicted to generate $13 trillion in global economic activity. HRM will see an increase in automation, personalization, and data-driven decision-making as AI technology advances. To ensure the moral and equitable application of AI in HR operations, new roles such as AI ethics officers will be created.

 

Deploying AI in HR


When integrating AI in HR, businesses should consider locating trustworthy data sets, using AI appropriately, outlining goals precisely, and reducing algorithmic biases. AI necessitates goal definition based on output, timely and accurate data collection, and process transparency

References

Vilani, C. (2018). "WHAT IS ARTIFICIAL INTELLIGENCE? Villani mission on artificial intelligence."

Russell, S., & Norvig, P. (2020). "Artificial Intelligence: A Modern Approach Third Edition."

Kaplan, A., & Haenlein, M. (2019). "Siri, Siri, in my hand: Who’s the fairest in the land? On the interpretations, illustrations, and implications of artificial intelligence." Business Horizons, 62(1), 15–25. doi: 10.1016/j.bushor.2018.08.004

Wilkinson, A., & Redman, T. (2013, January). "Human Resource Management: A Contemporary Perspective." Retrieved from https://www.researchgate.net/publication/320465545

Comments

  1. Mohamed SadikDecember 16, 2023 at 3:31 AM

    Workflow comprise integral components of job design within an organizational framework. Employee benefits, as a facet of human resource practices, are specifically concerned with fostering employee resilience. Artificial Intelligence (AI) plays a supportive role in monitoring the continuous evolution of these practices, enabling a nuanced comprehension of HR dynamics. Additionally, AI facilitates the early detection of potential challenges and risks, thereby contributing to a proactive approach in identifying losses at their nascent stages. This, in turn, aids in strategic decision-making processes within the organizational context (Khan et al. 2019).

    ReplyDelete
    Replies
    1. Chaminda SenadeeraDecember 17, 2023 at 6:23 AM

      Initially people thought that AI is a product of science fiction, most professionals today understand that the adoption of smart technology is actively changing workplaces.

      Delete
  2. Kalpa PremachandraDecember 16, 2023 at 8:34 PM

    Very interesting topic! It seems that AI would expedite all the processes related to the HRM. However, I still think that certain parts like Ethics and motivation should be handled carefully to make sure that everyone is treated equally. Data driven decisions may be good and accurate but still can not leave the impact it has on motivation and morale.

    Ref - https://www2.deloitte.com/nl/nl/pages/risk/articles/ai-assisted-hr-finding-gold-in-an-ethical-minefield.html

    ReplyDelete
    Replies
    1. Chaminda SenadeeraDecember 17, 2023 at 6:26 AM

      Agree with the two points highlighted in your comment, however There are applications of AI throughout nearly every profession and industry to help and smooth the process of HRM.

      Delete
  3. MAHESH KULARATHNADecember 16, 2023 at 9:10 PM

    Previously, HRM ran with huge volumes of data. Since HRM is continually improving with technology and also involves having responsibility for sorting employee payrolls, talent acquisition, performance management, administration, and interviewing and hiring new employees, it needs modern technology. But how is technology working to enhance the performance and speed with which the hiring process is implemented? This is where the Artificial Intelligence (AI) come in. Very useful topic, Chaminda. I would like to mention some major impacts of AI on HRM. Faster recruitment process , Reduce employee attrition , Training programmers. It’s important for HR professionals to carefully evaluate the costs and benefits of implementing new technology and to ensure that any investments are aligned with the organization’s overall goals and budget since AI is highly costly.

    ReplyDelete
    Replies
    1. Chaminda SenadeeraDecember 17, 2023 at 6:32 AM

      Thank you Mahesh for the very useful and detailed inputs, However, AI is using for HRM mostly in multinational companies where they think about the quality and accuracy of the process more than the cost. when we are using AI for HRM in local SMB companies yes we have to totally agree with you.

      Delete
  4. Rehan WickramasingheDecember 17, 2023 at 9:45 PM

    you are exactly right about the fact that employers have to focus on Training and Education, Employee engagement and retention which is really important to all the companies, well done Chaminda you have nailed it

    ReplyDelete
    Replies
    1. Chaminda SenadeeraDecember 18, 2023 at 8:17 AM

      Thank you Rehan for the inputs. as you highlighted few HRM Strategies in my article, i have explained how AI can help to increase the efficiency of HRM and advantages and disadvantages of AI for HRM as well.

      Delete
  5. Nillmini EkanayakeDecember 19, 2023 at 3:43 AM

    Good insights! Combining AI with Human Resources Management signals a progressive approach, likely exploring how technology can optimize HR processes for greater efficiency and effectiveness.





    ReplyDelete
    Replies
    1. Chaminda SenadeeraDecember 19, 2023 at 10:52 AM

      Yes Nilmini, AI is the key of using the technology in HRM

      Delete

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