Artificial Intelligence is one of the most important technologies in the digital age. Its impact on many areas, from medicine to marketing or demand forecasting, could mean one of the most far-reaching transformations ever occurring in the business world. We can also see examples of AI in Human Resources that can help to manage talent in the company better.
Retention of talent in the company
One of the great challenges for companies today is to retain talent. There are many reasons why a person only stays with a company for a short time. We can see this, especially in the new generations, who are more non-conformist and open to change, have more job options, are more open to teleworking, and have a much more dynamic perspective of the world of work.
This is a great challenge for the HR department of the companies since they must look for formulas that allow the company to capitalize on talent. Constantly hiring new workers to cover the same positions implies great instability and increased costs: new professionals need to adapt, receive training, and reach their maximum productivity… Talent is one of the sources of competitiveness for companies; The training of employees and the effort invested in the development of people must produce a benefit for the organization.
In this line, companies must establish internal loyalty plans among the people on the staff. Incentives must be offered to workers so that they remain in the company and wish to develop their full potential in it.
How can AI help retain talent?
Artificial Intelligence can support the retention of talent in organizations. Today we see many examples of Artificial Intelligence applied to Human Resources, from the selection of personnel to the analysis of the emotional state of the workforce and the prevention of job abandonment.
Human Resources departments can and should use tools that allow for increased automation to manage all factors influencing workforce motivation and talent management. Through AI, it is possible to carry out a more exhaustive analysis of the profile of people, establish mechanisms to detect stress in the workforce, and be able to take measures in advance, as well as improve the employee experience in the company so that they feel more satisfied and engaged.
Examples of AI to retain talent from AI
Different examples of Artificial Intelligence can help in an area as important as talent management. Companies must implement software solutions for talent management that allow the automation of administrative tasks, intelligent performance analysis, AI-based personnel selection, and job training based on the analysis of people’s profiles and characteristics.
Improved employee experience
Using Human Resources software with AI helps improve the company’s employee experience. On the one hand, this can be achieved through the automation of processes, which allows companies to carry out more creative work and prevent routine and repetitive tasks from becoming their main activity.
On the other hand, AI also helps to improve relationships between people and the company, with an HR management system that facilitates the analysis of people for better talent management, helps to manage training tailored to the needs of the workforce, and automates all administrative tasks, including internal communication through the Employee Portal. In addition, HR solutions with AI can include tools for managing the welcome and onboarding process, one of the keys for people to feel welcome in the company and avoid premature abandonment.
Performance analysis is one of the aspects in which AI can help people manage the most. By evaluating skills based on Artificial Intelligence, it is possible to have more suitable knowledge about a person’s profile, desires, and needs.
In this way, the training plan can be better focused, which should not be generic for all the people in a work area or department, but rather be based on the specific characteristics of each person. With tools that facilitate online training, the company can enhance the productivity of each individual and each team to enhance their results.
Smart Staff Training
Smart employee training is one of the most important aspects that you should consider. Training plans must be adjusted so that they adapt to the specific characteristics of each person, their level of productivity, their shortcomings, and their strengths. All this is easier to do when you have People Analytics tools, which facilitate intelligent analysis of personnel.
The compensation plan and incentive policy
Employee incentives are a decisive aspect of talent retention. But it is a mistake to think that it is only about salary. Implementing a compensation policy that allows people to have a goal and to know that salary improvements or supplements are due to objective causes is necessary. Data-driven decision-making is essential in making people feel satisfied in an organization.
Employee Mental Health
We must remember both the need to detect work stress. Knowing the emotional state of the workforce, it is possible to predict when resignations are more likely to occur because some staff do not feel satisfied with their job. This affects the reduction and loss of talent in the company and the decrease in productivity.
To take care of the mental health of workers, companies can use AI tools that allow for measuring the degree of satisfaction of the workforce. Employee Net Promoter Score (ENPS) solutions make it possible to analyze the degree of people’s commitment to the organization based on anonymous surveys that measure different variables. Likewise, solutions such as Beaconforce help build a work environment in which people feel motivated and can boost their performance.
Also Read: Trends In Human Resources Management