November 29, 2022
The Benefits of using AI-based technologies
The AI technology used in HR processes has shown great potential and is continuing to transform the way people interact, gather and process data, and experience HR activities. The benefits are becoming more obvious, but if you are still hesitant then you should take a look at all the ways AI technology can help your business when it comes to HR activities.
Although we are still cautious and distrustful when it comes to AI, thinking that it might turn on us- is a subject for a sci-fi movie. The AI technology used in HR processes has shown great potential and is continuing to transform the way people interact, gather and process data, and experience HR activities. The benefits are becoming more obvious, but if you are still hesitant then you should take a look at all the ways AI technology can help your business when it comes to HR activities.
1. Reduced recruitment cost and time
Technology has helped erase geographical barriers and helped enrich the talent pool. Now more people have the opportunity to apply for a job, meaning that HR has much more work on their hands, going through all those resumes and conducting countless interviews. Even if we are speaking about a more “localized” recruitment process, candidate screening and selection can take up a lot of time. AI-based technologies such as the Applicant Tracking System will without a doubt reduce the time you need to go through all the resumes, and almost instantly provide you with the best candidates. The same goes for AI and facial recognition-based software in the screening and selection process. Not only does it help save time and money, but it also increases efficiency in providing you with the best candidates.
2. Better employee experience
Employee experience is an important matter that companies have started to pay more attention to lately. The better their experience, the more productive they will be and will create a better customer experience. Using innovative technologies to enhance the employee experience is a definitive MUST. Chatbots are becoming more popular both in the recruitment process as well as in daily employee activities. These conversational interfaces have no time constraints and can answer up to 80% of questions. Not only do they save HR time, but they provide answers to employees any time of the day and encourage people to openly ask questions. Learning and Development using AI technology has also helped create a more personalized approach, providing each employee with a unique experience based on their specific needs.
3. Increases HR efficiency
Saving time and money, and taking the workload off HR is more than obvious. These technologies help HR focus on more important things and provide crucial data with every step of the way. Whether it’s the recruitment and onboarding process, employee welfare, employee training, learning and development- AI solutions increase the efficiency of any process and activity. It is a solid investment that will pay off and be beneficial in more ways than one.
4. Enables Remote Working
AI technology has made remote working more accessible, as we’ve already mentioned. Now more candidates can apply worldwide for a job opening and work remotely. The AI technologies help candidates go through the recruitment and onboarding process remotely and it helps HR find the best possible candidates no matter where they are, without additional expenses. It can also help them with the onboarding process no matter the distance. Since remote and hybrid working is becoming the new norm, so should these new technologies that make everything smoother.
5. Data management
Now you can easily collect and process huge amounts of data almost instantly. AI technology provides you with the opportunity to be more efficient with all the data that you collect throughout any HR process. This improves your decision-making process and enables you to manage your human resources better. Data is power, so having the right data at the right time, which AI will certainly ensure for you, is a must.
6. Employee development
One of the most important aspects of employee experience is the opportunity for growth and development. And of course, AI solutions are there to help. With a more personalized approach to learning, these innovative solutions can create unique experiences for each employee. This means that every employee can learn at their own pace and style. One solution that fits all is not the answer. Enable your employees to reach their full potential in a tailor-made experience! The list of benefits just goes on and on. Implementation of AI technology in HR processes is becoming a standard. The question is not whether to use such technology, but which one to use. What are your difficult points? Is it the recruitment or onboarding process? Or learning and development? HR’s job is becoming more and more complex, and that is why it is so beneficial for any business to implement AI-based technologies. The great thing about it nowadays is that you have plenty of innovative solutions to choose from. VanillaHR just so happens to provide you with solutions for your hiring process with our ATS solution and the video interviewer, both based on AI. If you are still hesitant, feel free to request a demo and we will show you everything you need to know!