The time for entirely manual human resources processes is coming to a close. HR departments around the world look more poised than ever to take on new automation tactics in 2019 in an effort to streamline workflow and reduce some of the most time-consuming aspects of the job.
From training employees through virtual reality tools to predictive analytics to recruiting chatbots, there are several innovative new ways for HR teams to cut costs and improve efficiency in 2019.
Read below to find out some of the most helpful ways in which you can use new technology to optimize your HR operations next year:
- Virtual Reality Training
Virtual Reality technology isn’t just for video games anymore. The cost of VR technology has recently become much cheaper, and companies across every industry are finding that VR can be used in a variety of incredibly different ways. The same rings true for HR: As these VR tools become more readily available, it could help HR teams easily create a more cost-effective and interesting way to onboard new workers and train all employees.
Instead of sending team members out to field offices to train, HR executives could simply preload VR headsets with all the training videos and experiences necessary for field employees. You can also use VR to help employees better retain information with scenario-based learning, which has been shown to improve critical thinking and decision-making.
2. Artificial Intelligence Recruitment Technology
While general automation tactics have been used in the recruitment industry for a while, recruiting teams around the world are starting to embrace the implementation of artificial intelligence and chatbots in their processes, and for good reason.
AI-powered recruitment technology has been proven to significantly reduce time spent on administrative work and recruit 33% faster, while lowering costs by up to 50 percent. Recruiters can use intelligent bots to chat with new applicants, move them through the funnel and even automatically schedule interviews, eliminating some of the most tedious work for recruiters.
3. Predictive Analytics
Data is more important — and more accessible — than ever before. By smartly analyzing crucial HR data, such as new hire performance trends and turnover rates, hiring teams can turn this data into predictive analytics that will help them make smart, data-driven decisions to enhance how their organization is run.
Advanced analytics are making it easier than ever for hiring teams to sift through mountains of data to discover new insights that can help improve employee performance and retention rates.
4. Closing the Diversity Gap with AI
Is your company doing the most it can to remove hiring bias and close the diversity gap? As racially diverse teams outperform non-diverse ones by 35%, it’s more important than ever that every step be taken to create a diverse organization.
Many hiring teams are starting to use AI to remove this human bias in hiring, as new tools can help recruiters create candidate profiles based on the actual qualifications of employees, rather than their own opinion of the candidate. As an example, a study by Harvard and Princeton found that blind auditions increased the likelihood that a woman would be hired by between 25 and 46%.
As technology continues to grow and develop, human resources departments in every organization should be looking to use it to their advantage to stay ahead of the pack. Not only will these new tools benefit hiring teams, but they will also help companies retain employees and create more fair, diverse workplaces. If you’re searching for a way to include incredible AI technology in your own HR department, request a demo from us today.