Just like finance spreadsheets were a major breakthrough for finance departments, Artificial Intelligence (AI) is expected to change how HR will operate in the future. Several companies already leverage AI to screen resumes, but recent AI technological developments, such as voice and image recognition, are expected to expand capabilities and create $100 billion of value in HR in the next 20 years.
The concept of using Robotic Process Automation (RPA) as a tool to unlock additional value in your organization is a common topic of conferences, technology presentations, and HR publications. However, HR leaders are often left with more questions than answers around how HR departments can benefit from this technology. Can bots be used to execute people processes? Is the work in HR too sensitive for automation? How does human judgment come into play? The answer is that RPA can be used in HR, but processes should be carefully evaluated, and the focus should be on paper-oriented, repetitive tasks, allowing HR professionals to spend more time on people-facing strategic initiatives.
Finding the ideal candidate for every open position is critical for the growth of any organization. Aiming to increase recruiting efficiency and stay compliant, many large and mid-size companies have adopted applicant tracking systems (ATS), a software application that enables electronic recruitment processes. The top five most-valued benefits an ATS provides to an organization are highlighted below.
The European Union’s General Data Protection Regulation (GDPR) became officially enforceable as of May 25, 2018. GDPR establishes sweeping regulations around the use, protection, privacy, and export of data for all individual persons within the EU. The regulation impacts both EU and non-EU organizations that house the data of EU citizens.
The value of candidate reference checks is hotly debated within talent acquisition organizations as a step in the selection and hiring process. Advocates of reference checking claim invaluable benefits; they are able to verify a candidate’s experience and gain clarity on an individual’s performance. Naysayers insist the process is too labor intensive and minimal insights are gleaned from the referring companies. While opinions differ greatly between industries and companies, an option you may consider is subscribing to an automated reference checking tool.
Employee engagement has emerged as a key performance indicator. Studies show that highly engaged employees increase customer satisfaction, productivity, and profitability, while decreasing turnover, absenteeism, and safety incidents.
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