AI and HR tech are becoming an integral part of the changes that we see in companies and how we work. Human Resources Technology (HR tech) refers to the hardware and software used to automate HR processes. They help HR workers make HR functions more efficient and make transitions smoother. These HR tech replace the time-consuming, manual functions professionals did before. Some examples are:
- Communication Services
- Talent Acquisition and Management
- Employee Payroll and Compensation
- Performance Management
- Data Analytics
HR tech tech has become more widely used in recent years, and new HR tech are popping up every year. Many large companies are migrating from their old systems to cloud using SaaS platforms. Smaller companies are also starting to automate their HR processes using SaaS platforms and other cloud-based HR technology.
Where does AI come into this discussion? Artificial intelligence (AI) is a rapidly developing field and is being incorporated into HR tech. It’s transforming the already rapidly changing HR practices. AI can be used in talent recruitment, training, performance analysis, etc. However, many organizations have yet to incorporate AI into their processes, whether it be from cost or because they don’t see the added value of using AI.
Why Should HR Tech Matter?
Just like other departments in the company, HR needs to use tech to work in a more valuable way. HR Tech helps simplify and streamline the entire employee lifecycle. By using HR tech to manage the hundreds or even thousands of employees, HR professionals can instead focus their attention on improving HR functions. They can improve recruitment practices and focus more on supporting employees and retention.
Using HR tech is new and different and there’s definitely an onboarding process, but it’s essential to help develop and show the company’s values. The new technology speeds up functions and allows HR to get back to candidates more quickly. For remote workers, it makes communication more effective with their in-person counterparts. They’re also necessary tools for managers to facilitate communication between remote and in-person parties. HR professionals can then focus more on the employee experience, engagement, and the development of the company culture as well.
Some Ways AI Improves HR Practices
Companies used to require new applicants to create a profile and re-enter the same information throughout the hiring process. This long and tiresome process can leave candidates with a poor impression and may even cause them to drop off in the middle of the process. Once AI is incorporated though, candidates no longer need to manually enter their information but can simply submit a resume. The AI will extract the relevant information onto a form, which the candidate can then double check. Some AIs even analyze candidates’ previous work experiences, skills, and interests to match them with open positions that align with their profiles.
Candidates are also probably applying to multiple jobs at the same time, so a speedy response time is essential for businesses to gain an upper hand against competitors. A great way for small companies to speed up the hiring process is to use artificial intelligence in the recruiting process. AI is also increasingly being used in recruiting so that unconscious human biases don’t influence a hiring decision that is not based on the candidate’s skills or merit.
Companies like Interviewer.AI use artificial intelligence to screen candidates and help you sift out a pool of talented candidates. The AI software goes through each candidate’s resume and matches the words within the resume to the job description to see their fit. Then, candidates are invited to take an asynchronous video interview and are ranked based on how they score.
This ranking is completely transparent, and hiring managers can see exactly how and why candidates are ranked the way they are. In this way, hiring managers can spend their time focusing on the candidates at the top of the rankings instead of wasting hours going through each candidate’s file manually. This is a great way to ensure that all candidates are fairly considered with no biases and that their applications aren’t lost amidst the many applications.
Other AI HR tech analyzes data from the employees and provides insights. HR professionals are then notified of what employees want, and they can work to address those problems and suggestions. In this way, there is a broader range of people who are contributing to changes in the company and overall greater engagement and loyalty.
Interviewer.AI is a technology platform purposely built to support Recruiters and HR teams in finding top talent for their companies. Interviewer.AI is a state-of-the-art video recruiting software that uses AI (Artificial Intelligence) to screen in advance and shortlist the candidates that meet the criteria set. HR teams use the software to make the recruitment process more efficient and shorten the hiring cycle. Learn more about how Interviewer.AI can help your business.
Increase your hiring team’s efficiency using a combination of resume scoring, skill assessment, and asynchronous video interviews.
Hannah Ng is from Boston College studying Finance and Business Analytics. She is currently an intern for Interviewer.AI.
Besides work, she is also very interested in hair styling and is responsible for her family’s hairstyles as a hobby.