Digital HR processes (talent management)
As we said before, HR processes are what the HR function is really about.
With the digitalization of administration, we free up the time, so the HR representatives can focus on talent management and through them make a company more productive and a better place to work.
But the processes can also have meaningless tasks if not automated properly.
The whole recruitment process can be done through a digital solution.
From listing a new opening to creating and monitoring the selection process with all the ratings and interviews in one place.
Recruitment teams can easily compare and rate the candidates so they can make sure to pick the best one.
It cuts costs on manual tasks like making comparisons and ratings as well as time because it allows the whole team to voice their opinions through the software as opposed to having numerous meetings.
The onboarding process can be made once and then reused for every new hire.
Digitalization doesn’t cut costs but it does improve the process quite a bit since it keeps track of all the steps that need to take place to ensure the employee is fully operational as fast as possible.
AI Performance management
All the employee plans, goals and evaluations should be done with performance management software, preferably backed by Artificial intelligence (AI).
It drastically improves the productivity and understanding of each employee.
It also cuts costs because the leaders can set and measure goals more efficiently thus reducing the time needed for performance plans and evaluation of each employee.
The software also automates remuneration and variable pay.
Both can be a real burden if done by hand.
Fledgeworks, which is a top-of-the-line cloud-based HR software, currently already incorporates AI as a copilot for performance management for a more intelligent, data-driven, and employee-centric approach to managing and optimizing workforce performance within the organization.
Learning with AI
With AI-powered learning software, a company can keep efficient track of each employee’s past courses, certificates and requirements based on necessary competencies.
Learning also includes a lot of budgeting, planning, scheduling, and administrative tasks that can easily be automated.
All the processes should be digitalized as it drastically improves them.
It helps HR representatives make them efficient.
But how much can we save? We estimate that about 10%.
If we take the company from the example above the situation is like this: