It’s never too late for HRs to include AI in their workflow

AI has made significant progress in the field of HR. It’s been used to streamline hiring process, improve efficiency and make data-driven decisions.

AI can help you for:

• Talent acquisition: AI tools can analyze job applications and screen candidates. This will save time and identify potential candidates more efficiently.

• Employee engagement: AI-driven chatbots can be used to answer employee queries, provide on-demand training, and gather feedback.

• Performance management: AI can assist in evaluating employees with the help of data. It can also set performance goals and provide insights for employee development.

While it comes with many benefits, HRs should be careful of potential negatives such as data privacy, algorithmic bias, and even job displacement. AI tools can be highly beneficial for HRs if they use them carefully. Here is an AI tool to make your work easier as an HR.

Finding the right candidates is a daunting task for HRs. With so many qualified professionals out there it can get quite difficult to filter out individuals who are suitable for the role. This is where Eightfold AI can help you out.

Eightfold AI is an AI-powered talent intelligence platform that helps HR professionals hire, retain, and grow a workforce. It uses deep learning to analyze resumes, job descriptions, experience, and performance reviews to identify the right candidates for your company.

Eightfold uses AI to transform hiring processes and improve the candidate experience. Eightfold’s talent management application helps retain, grow, and develop your staff. 

How does it help HR professionals?

Companies always struggle to hire the right people. With so many resumes out there, finding the right person for the role is like looking for a needle in a haystack. 

➡️Talent Pool Management

Maintain a talent pool of employees who have applied in the past, passive applicants,  etc. This tool will pull data from multiple sources and keep the individual’s profile updated including the experience and skills they have gained in the meantime. 

For instance, someone who applied 5 years ago will have gained a significant amount of experience and skills in various fields. Their information will be automatically updated in the tool. HRs can easily view them and evaluate if they are qualified for this role or not.

➡️Better understanding of candidate’s potential: 

AI can identify skills that individuals have not mentioned on their resume. This is based on their previous work experience and the organization they worked for. With deep learning, AI can understand patterns humans fail to recognize. This AI tool will help HRs understand candidates better. 

➡️Send personalized messages to candidates:

With all these talent networks and leads, HR can now send personalized emails with content crafted for these individuals. Recruiters can also conduct virtual events using AI on these talent networks. This AI tool is so powerful that it can also figure out candidates who are most interested in the job role and even the candidates who are more likely to attend the virtual event.

How it helps employees:

➡️Career path for employees:

EIghtfold AI will identify an individual's skills and potential and give a clear path to career advancement. For instance, if a person is a UX Designer then they will get a career path that shows a rough estimation of how their career will look based on the skills and potential they have. 

➡️Understand skill gaps:

Employees in the organization sometimes may not be 100% qualified for the job role. There will be certain areas where they lack skills and expertise. AI will analyze skill gaps and suggest a comprehensive action plan to bridge that gap. This will be done by suggesting courses and internal job opportunities. They will also get suggestions regarding mentors to approach. Individuals can also set personal skill development goals. All information regarding courses, skill goals, and projects will be shown in the comprehensive talent profile provided by the tool. 

➡️View all your information in one platform:

A comprehensive talent profile to evaluate an individual's achievement, team information, work chart, and a custom skills inventory based on their current role and work history. HR professionals can now access all this information on one platform. 

Disadvantages:

• Expensive: This tool comes with high pricing, so organizations with limited budgets may not be able to access it.
• User-Friendliness Concerns: Many improvements are needed in terms of user-friendliness and ease of navigation.
• Data Quality Dependency: As the AI tool heavily relies on massive data for training, any inaccuracies in the data can lead to flawed recommendations.

With proper oversight, this AI tool can be of great advantage. The world of AI is opening up the opportunity to change the talent acquisition experience. The HR department can now get its job done with less effort and focus more on strategic tasks.

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