Why are HR leaders of the future going to need AI skills like data literacy and HR analytics?
One technological advancement that has made the HR department’s transition easier is artificial intelligence (AI). It has become a game-changing invention because it uses predictive algorithms to augment human intellect and enhance the work experience; eighty-two percent of employees think AI can support their careers better than people. Eighty-five percent want technology to help define their future, according to a recent Oracle and Workplace Intelligence Survey Report. These are the top 5 AI competencies HR leaders need to be prepared for the future.
- HR Analytics
The field of HR analytics aims to provide insights into how investments in human capital assets support four key outcomes: (a) revenue generation, (b) cost minimization, (c) risk mitigation, and (d) strategic plan execution. To achieve this, statistical techniques are applied to integrated HR, talent management, financial, and operational data.
- Technical Excellence
To assess and apply AI-driven HR solutions, HR leaders and professionals must have a solid understanding of artificial intelligence technology, its uses, and its limitations. For example, if they are knowledgeable about the various AI technologies, such as machine learning, natural language processing, and predictive analytics, they can decide which will best achieve their HR goals.
- People Analytics
People analytics Specialization in people analytics is not necessary for all HR professionals. However, it’s crucial to have a specific awareness of the value that data may add to the company and to be able to prove it. As is the capacity to make data-driven judgments using the insights gleaned from this data.
- Strategic Thinking
To fully benefit from artificial intelligence, HR leaders must be able to proactively consider how people analytics and AI might influence business outcomes like hiring bias reduction, employee retention, productivity gains, and cost savings.
- Data Literacy
Data is king in the realm of AI-driven HR. To make wise judgments, HR professionals must get familiar with data and learn how to evaluate, analyze, and use it. This entails knowing data visualization, predictive modeling, and fundamental statistical analysis.
