Artificial Intelligence (AI) is rapidly expanding and a growing number of businesses are opting to use it. One such division is the Human Resources Department. Every business should have an HR department. to manage hiring, management, and administrative tasks, AI-powered solutions are reducing the amount of manual labor that is required for HR departments.
This article will discuss AI-powered tools that can assist HR departments in various ways. Before we get to the tools let’s first discuss how AI can help in HR management.
Role of AI in HR Management
There have been many technological advancements due to the improvements artificial intelligence has made to HR. AI-powered tools support HR efforts by managing tasks such as employee engagement, training, and hiring.
AI simplifies and makes the recruitment process easier. Automated triggered evaluations, and resume screening features, to speed up the hiring process. This allows recruiters to spend more time with prospects, build bonds, and improve the candidate experience.
AI can also be used to assist HR managers in finding qualified candidates by analyzing data and recognizing the right features in a CV. Intelligent Screening Software also has the ability to automate resume screening. This software allows recruiters to chat with candidates in real time and conduct digital interviews to assess a candidate’s suitability.
Artificial intelligence brings a number of benefits to businesses. It automates repetitive and predictable administrative tasks. AI software for HR can also automate administrative tasks such as keeping records and updating internal databases. These tasks can be automated so that HR staff have more time to think strategically and can help workers more.
Human Resource professionals can make it easier to gauge the opinions of coworkers about different aspects of their jobs by creating Employee Recognition Systems or internal surveys.
AI software for HR can improve employee engagement and assist the system in analyzing, evaluating, and deciding on employee promotion. It can also lower the cost of talent acquisition and increase employee retention.
6 Types of AI tools for the HR sector
These 6 types of AI technologies are changing the face of work and influencing the future of the human resource sector.
1. Robotic Process Automation
Robotic process automation (RPA) is the first AI in HR. It can reduce repetitiveness in many professions and free people from tedious, busy work so that they can focus on more important, engaging activities. One example is the grading and screening of resumes. AI can compare resumes with job requirements to select the best candidates among a large pool of applicants. The AI system may alert applicants, schedule interviews, or reject them. The AI systems used for HR are extremely sophisticated and allow for complex decision-making while reducing the number of procedures.
Onboarding is another area in which AI in HR can simplify processes. Based on the job and department of each employee, there may be different papers and credentials that they need to fill out. RPA can quickly determine the forms required for each employee and provide an intelligent automated process.
2. Cloud-based Services
To personalize their HR technology tools, large businesses can choose from many cloud-based services like Google and Microsoft. If your company wants to improve employee engagement, cloud-based AI is a great way to help. This tool can identify productivity dips and foresee potential flight risks. It also pinpoints staff members who might be ready for career opportunities by analysing data from all departments.
This intelligent technology can identify trends in employee data and help to reward employees. It also helps in developing and retaining talent. Cloud-based systems offer accessibility. These systems also include mobile apps that make HR services available on the go and are convenient for employees.
3. Data Workbench
Data silos can occur when different systems are used within a business that does not allow for interoperation. These can also happen when employees transfer between platforms within their workflow. If the data is kept in separate systems, HR departments can’t compare one set of data to another. This is where the data workbench comes in. This AI-assisted technology can be used by companies to spot trends in various data sets and provide strategic insight.
Businesses have the option of using a microservice. who wish to use AI for specific tasks without having to completely redesign their systems. Traitify is an example of a microservice. It provides candidates with advanced evaluation tools, by replacing word-based examinations with image-based ones. This allows them to identify personality traits that are most suitable for various job tasks.
A microservice is a great way to test out AI solutions When HR teams identify a need in their recruitment (either to increase efficiency or to improve data-backed decision making).
5. Embedded AI
AI software tools are a feature common to tech platforms. To streamline the hiring process and increase productivity this system automates the publishing of job ads and helps you to find qualified people based on your data. It uses powerful AI algorithms to perform a range of daily tasks performed by HR professionals, including budget optimization and job classification using natural language Processing. Integrated AI allows each stage of the hiring process to include an AI component. This AI component is used to quickly and efficiently find qualified candidates while making smart selections.
6. AI First Suite
This AI solution for HR can function as an intelligent system that provides engagement methods and predictive information to keep workers and prospects interested throughout their employment journey. Employees have access to a virtual career coach to help them manage their staff retention.
Also read: Top 6 HR Software for Your Small Business
Top AI-powered tools to help Human Resources
Skillate is an innovative decision-making tool, streamlines, and speeds up the recruitment process. It offers enhanced applicant experiences and intelligent recruitment services that are backed up by AI and people analytics. Skillate also allows companies to hide candidate data to aid in objective recruitment decisions.
Skillate uses AI-based JD assistants, Skillate employs deep learning, and extracts data from resumes. This allows Skillate to recruit top candidates through job descriptions. It also provides an assistant for job descriptions, an auto-interview scheduler, and data-supported analytics to aid in the hiring process.
Skillate is used by many companies, including BYJU’s Big Basket, OLA and Trell, OLA, Trells, Grofers Rapido, Mahindra, and Sony.
Entelo is a recruitment tool that is used by many well-known companies such as Netflix, Goldman Sachs, and The New York Times. It uses natural language processing and predictive analytics. It allows recruiters to collect information about candidates from many groups, such as gender, race, and veteran status. Entelo is the only platform that eliminates all obstacles to expedite your pre-application process. Prospects can also apply via the software or through the corporate website.
Talenture offers hiring with insights from ML and AI engines. Marvin, a virtual recruiter, oversees and directs companies’ hiring processes. Intelligent Heuristics are used to rate applicants based on factors such as recentness, availability, and employability.
Its CRM provides a 360-degree view of all business interactions with applicants to help speed decision-making. Talenture offers services to help you find candidates through job boards, career websites, social media platforms, and email. It also has a mobile app.
Talenture has been used by more than 1000 businesses to hire for over seven million positions. SR Corporate Services and JobExcel are just a few of the customers.
Below are the two pricing plans available for this platform. The standard price is Rs. The monthly price is Rs. 1350 and includes applicant sourcing, resume scanning, candidate management, candidate searching, and functional categorization. The professional plan is the most popular and can be used by up five teams. It costs Rs. 2050 per month for each user. It provides headhunting leads, multiple role processes, customizable function categorization, advanced reporting, and billing.
Harver specializes in volume hiring. As the program grows in scope, there are difficulties. This is where Harver’s AI-powered evaluation software comes in handy.
It measures the applicant’s ability, cultural acceptance, and soft skills. It can help you predict the quality of a candidate. The data that meets the requirements is processed automatically. This saves time and maintains accuracy.
Harver’s two-way matching technology, which takes over the matching process of recruiters from them, provides all the information needed to make quick decisions. Automated algorithms that move applicants through the application process are triggered using matching data, without any human interaction. Harver makes it possible to automate your job search from “Apply” to “Hire”.
TurboHire is an intelligent, collaborative, and data-driven hiring tool. TurboHire combines the strengths of both artificial and human intelligence to provide data-centric insights that can be used for candidate screening, screening, evaluation, and sourcing.
TurboHire also offers encrypted cloud-to-customer communications and military-grade protection of consumer data. TurboHire claims that businesses can save over 10,000 hours in recruitment and more than $2 million on hiring costs by employing more applicants.
TurboHire is used by over 5,000 recruiters including Cure. fit and ICICI Bank, Wakefit, and ClearTax.
Loxo offers a variety of services including an applicant tracking system, a recruitment CRM and a talent insight platform. Loxo reduces the effort required to implement AI recruitment automation software while directing recruiters toward the best applicants.
The proprietary directory contains data from more than 700 data sources, totaling over 530 million people. Globally, more than 1.25 million recruiters are served, including those from Amazon and World Wide Technology, Kensington International, and Cigna.
HireVue offers a variety of services, including pre-hire evaluations to identify the best candidates and reduce bias.
HireVue has a competitive advantage because it reduces unconscious bias. HireVue’s AI-driven strategy eliminates unreliable or inconsistent factors such as resume screening and phone selection. This reduces bias and allows recruiters to focus on job-relevant criteria.
HireVue claims that within the first year of using the platform, HireVue will reduce the time required to fill a job by 90%, increase diversity by 16% and provide a return of investment of up to 131%.
This company is a SAAS company that assists in automating processes. Talla, an AI platform and automation platform, integrates with existing systems and processes to create machine-learning-based models for repetitive operations. Major businesses such as PayPal trust it. Routine administrative processes can be streamlined and automated increasing productivity for HR personnel.
AI is more of a facilitator than a complete solution. It would be premature to predict if AI will replace HR professionals. Combining data-driven insights with human action may yield the best results.
It contains sensitive employee information, which is often kept secret. Therefore, it is important to properly maintain and preserve the large volume of input data used for AI.
AI can do miracles when HR is able to pinpoint the questions or issue they wish to resolve and the benefits and data inputs that will be useful for the algorithm.