How AI is Disrupting the HR Industry?

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Three people applied for the same job, but only one was chosen

Recruiters are like speedy shoppers,
Hunting for the best candidates they can uncover,
On a budget, they must never squander.

The concept of Human Resources has evolved significantly over time, with its roots dating back to a time when individuals managed their own work lives. 

If someone needed a job, they would simply approach a business owner and ask if there were any openings available. 

However, as businesses grew, managers started to realize the need for more structured approaches to managing employees. 

This led to the hiring of clerks to handle tasks such as tracking hours worked and calculating pay.

Fast forward to 2023, where technology has made significant strides and disruptive AI models such as ChatGPT are available to the public. 

The question arises - how will this affect HR?

The founder of Lattice, Jack Altman, spoke in an interview about the role of AI in increasing the productivity of HR. 

Lattice offers a suite of tools to help organizations manage and improve employee performance, including goal setting, continuous feedback, performance reviews, and career development planning. 

Here are four use cases where AI and ML can make a significant impact on HR:

Candidate Sourcing 

AI helps companies find top talent by scanning various sources like job boards, social media, and referrals, creating a list of the most qualified candidates.

Resume Screening 

By using Natural Language Processing (NLP), AI can automate initial screenings by extracting relevant keywords and phrases from resumes, making the process faster and more accurate.

Candidate Experience 

AI creates a personalized and efficient candidate experience by handling communication, scheduling, and FAQs, leaving a positive impression.

Employee Development

AI boosts employee development with personalized plans that maximize potential and promote growth within the organization.

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