AI IN STRATEGIC HRM: ENHANCING EFFICIENCY AND DECISION MAKING

Introduction

In recent years, the use of artificial intelligence (AI) in human resource management (HRM) has become increasingly common. By leveraging the power of AI, organizations are able to streamline HR processes, improve decision making, and ultimately enhance overall efficiency.

Strategic human resource management (SHRM) is a practice that involves aligning the human resource policies and practices with the organizational goals and objectives. It is a strategic approach to the management of human resources that contributes to the success of an organization by enabling it to achieve its strategic goals and objectives.

This article will explore how AI is being used in strategic HRM and its potential benefits.

AI had already provided support in problem-solving, predicting, planning, learning, and reasoning. Strategic HRM can make use of the power of AI in executing key processes with great speed and efficiency.

 

Source - sketchbubble

AI support in SHRM

• Assessing skill requirement for the organization: An AI system helps in assessing the skill gap of current resources existing with the organization against the skills required to attain its strategic goal in a more efficient manner

 

• Designing recruitment process: The AI systems can design a suitable recruitment process for attracting the talent to fulfill the skills gap in the organization in attaining the strategic goal.

 

 

• Organizing training and development: AI can analyses the employees' skills and training needs, schedule training by looking up into new employees' and the required trainers' availability. AI can also check on the market movements regarding emerging trends, training needs, and make recommendations to HR managers to assist in decision making.

 

• Measuring performance and providing feedback: An AI system can set measuring parameters for employee performance and use measurement criteria based on the organization's strategic requirements. It can also provide suggestion or improvement points for the employees.

 

• Succession Planning: AI can analyses employee performance data and identify potential future leaders. AI algorithms can help organizations to identify and develop their next generation of leaders. This can help to ensure that organizations have the talent they need to succeed in the long term.

Below you-tube video further discusses the AI impact on SHRM.

Conclusion

AI is rapidly transforming the field of HRM, enabling organizations to streamline processes, improve decision making, and enhance overall efficiency. As the use of AI in HRM continues to evolve, it will be critical for organizations to stay up-to-date on the latest trends and best practices to remain competitive in today's rapidly changing business environment.

 

References

Manickavasagam Sivaparam (Nov 2020)

AI_powered strategc human resource management

LinkedIn (Online)

Available at https://www.linkedin.com/pulse/ai-powered-strategic-human-resource-management-sivaparam

Accessed on 13th April 2023