The AI renaissance in HR: Exploring modern solutions

Abstract

Artificial intelligence (AI) is rapidly advancing and reshaping the landscape of organizational work environments. Today, the pervasive use of AI-based tools spans across various business sectors worldwide, driving improvements in efficiency. However, in India, the adoption of AI remains relatively sluggish. AI represents a paradigm shift towards developing systems or software capable of human-like thinking and performance. Within human resource management, AI-based tools serve multiple purposes, including automating repetitive tasks, predicting employee behavior, reducing costs, and saving time. This paper aims to explore the applications and advantages of employing AI-based tools in talent acquisition, training and development, performance management, and compensation management. Such insights are pivotal for HR managers seeking to enhance productivity by embracing these modern tools. Grounded in a comprehensive literature review, this paper underscores the imperative for organizations to integrate AI-enabled tools, given their multitude of benefits. Failure to do so risks lagging behind in today's fast-evolving technological landscape.