HR Peek’s Post

🤖 AI is revolutionizing HR by turning "dead data" into actionable insights! 📊 From streamlining hiring to enhancing employee engagement, AI helps HR teams make smarter, faster decisions. 🚀 It's not just about efficiency—it’s about unlocking the full potential of talent data. The future of HR is here, and it’s intelligent! 🌟 #EY #EYGIGNOW

Good news HR teams, you will benefit from Ai capabilities to utilize your dormant HR data. AI is reshaping HR by turning stagnant data into valuable insights. Through automation and predictive analytics, HR teams can streamline processes and boost overall efficiency. Interesting quote: "We have 300 million terabytes of data every day that is getting generated around people. It can become very difficult for HR leaders and business leaders to get insights around these data.”

𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐯𝐞𝐚𝐥𝐬 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐩𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞𝐬 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐇𝐑 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥𝐬 𝐚𝐧𝐝 𝐞𝐦𝐩𝐥𝐨𝐲𝐞𝐞𝐬 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐭𝐨 𝐀𝐈 Rochester, N.Y. (Feb. 29, 2024) — A new study from Paychex, Inc. reveals the benefits and challenges of artificial intelligence (AI) in the human resources (HR) industry, and how opinions on its use and effectiveness differ between HR professionals and employees. The first in a new series of 2024 Pulse of HR Reports entitled “Balancing Tech and Touch in Human Resources,” found that 41% of employees surveyed prefer less AI involvement in their company’s HR processes, while more than half are content with the current (39%) or an increased (20%) level of AI. Of the HR professionals who responded to the survey, 85% say AI provides useful data and analytics, and 79% believe it’s helping to reduce bias. 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 The survey of 325 HR professionals in organizations with 20 or more employees, and 1,017 employees found HR professionals using Al are saving nearly a full workday every week (7.5 hours) with more than half (56%) saying it speeds up employee recruitment and screening. Additionally, HR professionals surveyed say the top three functions that AI could transform the most are: 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐚𝐧𝐝 𝐝𝐚𝐭𝐚 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 (𝟓𝟖%) 𝐓𝐚𝐥𝐞𝐧𝐭 𝐚𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 (𝟒𝟔%) 𝐎𝐧𝐛𝐨𝐚𝐫𝐝𝐢𝐧𝐠/𝐨𝐟𝐟𝐛𝐨𝐚𝐫𝐝𝐢𝐧𝐠 𝐩𝐫𝐨𝐜𝐞𝐬𝐬𝐞𝐬 (𝟒𝟑%) “Our survey found that over half (56%) of HR professionals are already using AI in their role today and I expect that number to increase over time. Knowing these important trends and leveraging the right tools and technologies is critical to our national team of more than 600 HR business partners at Paychex. We work with our customers every day to find a balance between realizing operational efficiency and the human aspect of HR that employees clearly desire,” says Alison Stevens, senior director of HR Services at Paychex. “It’s clear there’s work to do before achieving an effective balance between HR departments and employees when it comes to artificial intelligence,” adds Stevens. “Transparency will be key, as well as maintaining balance with human interactions. At Paychex, our HR business partners serve as advisors to customers, helping them to better understand and interpret data-driven insights, creating personalized responses to individual company and employee situations, and providing information on regulations that may impact their organization.” https://lnkd.in/gHXUT4Ss

Deloitte's latest insights on HR technology trends for 2024 are a must-read for HR leaders. The article highlights how innovations like generative AI, enhanced digital workplaces, and frictionless employee experiences are set to transform HR practices. Embracing these trends can help organizations stay ahead in the ever-evolving landscape of work. Check out the full article here: [2024 HR Technology Trend Predictions - Deloitte United States](https://lnkd.in/gqVKAz-8) #HRTechnology #FutureOfWork #HRInnovation #Deloitte

Delve into the world of HR technology with Rebecca Wettemann, Principal at Valoir Incorporated. Discover expert insights on AI, workforce engagement, digital transformation, and more, as we explore the future of employee and customer experiences. https://lnkd.in/d5fB53sS #hrtechinterview #workforcengagementmanagement #customerexperience #digitaltransformation #hrtechnology #employeeexperience

A recent survey highlighted that among the mixed sentiment toward AI, there is also a strong desire to use it to assist with tasks like talent acquisition. How has AI impacted the HR work at your organization? #ArtificialIntelligence #HR #FutureOfWork #HRTech https://lnkd.in/egcYPA87

A recent survey highlighted that among the mixed sentiment toward AI, there is also a strong desire to use it to assist with tasks like talent acquisition. How has AI impacted the HR work at your organization? #ArtificialIntelligence #HR #FutureOfWork #HRTech https://lnkd.in/gUYZmpP7

The great HR tech evolution is underway! 🚀 Check out this insightful article on how AI and machine learning are revolutionizing talent management and employee engagement. Exciting times ahead! #HRTech #AI #MachineLearning #TalentManagement #EmployeeEngagement

In 2024, HR and business leaders can expect to see three key trends in HR technology: the continued rise of AI, innovations in pay transparency tools and technology that supports the employee experience.

A recent survey highlighted that among the mixed sentiment toward AI, there is also a strong desire to use it to assist with tasks like talent acquisition. How has AI impacted the HR work at your organization? #ArtificialIntelligence #HR #FutureOfWork #HRTech https://lnkd.in/gcc2XvEc