Redefining Talent Acquisition with the help of Artificial Intelligence: The new age

Abstract

The increasing role of technology has changed the way we operate. It is not even possible to think of a business practices without any technological support. As far as Artificial Intelligence is concerned, nowadaysit is being used everywhere:from using smart phones to flight controls. As artificial intelligence is gaining importance day by day and its wider applications in several perspectives has became imperative and that can be utilized for the benefit of effectual AI in managing HR. Though the concept of artificial intelligence is more than a decade old, still in recent year’s several organizations have not explored the concept whereas some have already started to explore and trying to implement AI in organization to gain a competitive edge. It is very obvious that nothing can be effectively delivered without anticipating, pre-planning, effective analysis and strategic perspective, AI is also helpful in generating insights on how to utilize technology for the smooth execution of HR practices which helps in providing an edge to produce desired competitive results. With the rising importance of human capital in our economy, HR Managers must not only focus on the data rather they need to leads with data. AI eliminates much of the manual analysis and emphasizing its role in overall business scenario. HR practices starting from recruitment, predicting and assessing performance, competency management has a growing pressure on HR Managers on how best to prepare their organization ahead with an effective strategy and actionable approach. As HR functions now a days are playing a leading role in all the business activities and also have become increasingly accountable for influencing business results. Aligning it with technology that enables an HR not only to predict problems but also helps in prescribing solutions; one of the most important step that HR managers can take to enable stronger business performance and we can say that AI plays an essential role in making HR processes and functions strategic andcontemporary. Key words: Human Resource, HR Managers, Artificial Intelligence, HR Functions, Emotional Intelligence