72 Percent of respondents agreed that using Artificial Intelligence in the HR process boosts Productivity and saves time as it can self-operate many HR-related procedures and boost the effectiveness of the system through chatbots.
While,68 percent of companies said that the implementation of Artificial Intelligence in the Human Resource process increases overall job accuracy.
A report by Genius Consultants is based on an online survey with over 825 organisations spread across sectors including banking and finance, construction and engineering, education, FMCG, hospitality, HR solutions, IT, ITES and BPO, logistics, manufacturing, media, oil and gas, pharma, among others.
The Report by HR solutions also revealed that ,44 percent of respondents believe that AI-based chatbots are currently the preferred tool for initial interactions during the hiring process, which also helps new hires settle into their responsibilities and understand the company's many aspects later. However, 48 percent said they are skeptical about using chatbots as most people are yet to adapt with the developing technology. Moreover ,63 per cent said AI technology was a big helping hand for employee onboarding and training as it could yield more impactful results at work. And Over 56 per cent of respondents believed that AI would take over humans in the coming years.