Page 54 - Banking Finance April 2023

ARTICLE

uman Resource (HR) management has organization to her retention; supplementing her
undergone a disruptive transformation in the professional growth; enabling her continuous learning etc.
recent past with the advent of big data, and the list extends further.
H machine learning and artificial intelligence (AI).
The massive, complex datasets, commonly referred as big
Talent Acquisition to Experience En-
data in the techno-parlance is the powerhouse for machine
hancement
learning. The advanced logarithmic learning of data
patterns to arrive at useful insights find its use in almost all Staying ahead of the peer competitors needs to attract the
the sections of an organization. With a humongous pool of talented workforce with required skillsets to outperform the
data regarding its employees, organizations have started rest. Using AI based applications enable HR managers to
investing in data analytics driven decision making to quickly interpret the nuances across the candidate
effectively use its resources including the core - human applications by transforming resumes into insightful data.
resources. Ample amount of time and cost thus get saved in efficiently
identifying the right talent fitting their requirement.
AI in HR is having a wide spectrum of benefits ranging from
inception of an employee's career journey with the The recruits have varied expectations about work experience
and want tailored offerings from employer. AI can be
leveraged to identify the distinct characteristics of every
About the author
employee through engagement surveys, feedback
methodologies and similar tools to match their nature with
Gokul Brindhaban GR
particular job roles, departments, and other employees in
Senior Manager,
the organization. Better support to employees through
Union Bank of India.
improved employee experience motivate them to grow in
48 | 2023 | APRIL | BANKING FINANCE