july, 2024
Event Details
In today's rapidly business landscape, leveraging Generative AI (Gen AI) has become essential for HR professionals. We hosted an insightful virtual panel discussion on "Leveraging Gen AI for
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Event Details
In today’s rapidly business landscape, leveraging Generative AI (Gen AI) has become essential for HR professionals. We hosted an insightful virtual panel discussion on “Leveraging Gen AI for HR”.
Sharing some key highlights from the discussion,
Gen AI refers to the use of advanced artificial intelligence technologies to perform tasks that typically require human intelligence, such as language processing, decision-making, and pattern recognition The adoption of Gen AI in HR is still in the early stages but rapidly growing. Organizations are exploring its potential to streamline various HR processes, enhance decision-making, and improve employee experiences Gen AI is not restricted to large organisations and can be leveraged by small and big organizations across different industry segments and corporate functions.
1. How HR Professionals Can Navigate New Challenges by managing
– Data Privacy and Ethics issues: to be managed on priority as HR deals with significant personal and sensitive data – Skill Development: HR professional need not be tech wizards to be able to use Gen AI.
– Foundational knowledge of Gen AI with deep functional knowledge will enable HR professionals ask / prompt Gen AI tools specific queries to get quality output.
– Change Management: Successful AI integration requires careful change management strategies, including clear communication, training, and support for employees to adapt to new technologies.
– Tech environment: To be chosen wisely
– that is not only efficient and cost effective but is secure from data privacy point of view
2. Some use cases:
– Recruitment and Onboarding: AI-driven platforms like chatbots for candidate interactions and onboarding assistance besides candidate assessment and CV screening.
– Performance Management: AI tools for continuous performance tracking and providing real-time feedback leveraging huge org data.
– Employee Retention: Predictive analytics to identify employees at risk of leaving and implementing targeted retention strategies.
– HR Analytics: Leveraging AI for workforce planning, talent management, and identifying trends and patterns in employee data.
– Career and Talent Management: Gen AI can help with compiling relevant employee skill and performance data to suggest insights about potential leadership candidate from internal pool.
– Employee and Manager Self Service: Virtual assistants to support managers to execute their managerial tasks and helps employees with their HR process support
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Time
(Thursday) 3:30 PM - 5:00 PM