Tag: ai for hr

  • Engineer’s Day Special: How Vikas Kakkar’s Amara.ai is Revolutionising HR with AI

    In honor of Engineer’s Day, StartupTalky features Vikas Kakkar, Co-Founder and CEO of Amara.ai. Kakkar’s transition from engineering to entrepreneurship was fuelled by a vision to transform traditional HR processes with AI. In this interview, he reveals how Amara.ai’s advanced chatbot improves employee engagement and supports HR teams with real-time feedback and automation. Kakkar also discusses the future trends in HR tech and the hurdles faced during the company’s early days.

    StartupTalky: What motivated your move from engineering to entrepreneurship, and what key steps did you take to start your company?

    Mr. Kakkar: My move from engineering to entrepreneurship was driven by the desire to solve real-world problems that I noticed during my career. While working as an engineer, I realized there were many inefficiencies in traditional HR processes, especially in recruitment and employee engagement. I saw an opportunity to use technology to improve these areas, which led me to the idea of creating a solution that could streamline these processes. That’s how the idea for my company was born. The first key step I took was identifying the specific pain points in HR that I wanted to address. I spent a lot of time understanding the challenges faced by HR professionals. Then, I built a small team of like-minded people who shared my vision. We started with a focus on recruitment automation and gradually expanded into other areas like employee engagement. Another important step was securing the right technology and resources to build our product and test it in the market. It wasn’t easy, but by staying committed to solving a real problem, we were able to grow the business from there.

    Mr. Kakkar: I have chosen this industry because I saw a clear need for innovation in HR processes, particularly around recruitment and employee engagement. Traditional methods were not keeping up with the fast-paced changes in the workplace, and I felt there was an opportunity to introduce technology, especially AI, to improve efficiency and make HR more strategic. Employees are the backbone of any business, and helping companies better engage with and retain their talent was a challenge that appealed to me.

    As for the future, I see several key trends shaping the industry. One is the growing use of AI and data analytics to make more informed decisions about talent management. Automation will continue to reduce the time HR teams spend on repetitive tasks, allowing them to focus more on strategic initiatives like employee well-being and company culture. Another important trend is the increasing focus on diversity, inclusion, and employee mental health, which are becoming central to a company’s success. Finally, with remote work becoming more common, there will be more opportunities to develop tools that help companies engage and support their employees, no matter where they are based. These trends present exciting opportunities for further innovation in the HR tech space.

    StartupTalky: What does Amara.ai do, and what real-world problem does your technology solve?

    Mr. Kakkar: Our company provides an AI-powered chatbot designed to enhance employee engagement and support HR teams in managing their workforce more effectively. Our technology interacts with employees at key points in their lifecycle, gathering feedback, assessing engagement levels, and identifying any risks related to attrition or disengagement. The chatbot also helps foster a positive work environment by promoting diversity, inclusion, and employee wellbeing.

    The real-world problem we solve is the challenge HR teams face in keeping employees engaged, especially in large organizations. Traditional HR methods often fall short when it comes to understanding employees’ needs and identifying potential issues early on. By using our AI-powered chatbot, companies can stay connected with their employees, ensure higher engagement levels, and address problems before they escalate. This ultimately helps improve employee satisfaction and retention, making HR processes more proactive and efficient.


    How AI Chatbots Are Enhancing Customer Experience
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    StartupTalky: Tell us about the core technology behind Amara.ai’s products or services, and how it stands out from others in the market.

    Mr. Kakkar: Amara.ai’s core technology is driven by advanced AI algorithms designed to personalize and streamline employee engagement processes. What sets us apart is our intelligent chatbot, which not only automates repetitive HR tasks but also provides real-time insights into employee well-being, engagement, and satisfaction. Unlike many platforms, Amara integrates seamlessly with existing HR systems and offers highly customizable features, allowing organizations to scale effortlessly as they grow. Additionally, our focus on well-being assessments and diversity analysis ensures a holistic approach to employee engagement, making us a standout in the HR tech landscape.

    StartupTalky: How did you secure your initial customers, and what strategies worked best to gain their trust and business?

    Mr. Kakkar: Securing our initial customers was all about building trust through personalized, results-driven engagement. We focused on demonstrating the value of Amara.ai by offering trial periods where potential clients could experience firsthand how our AI-powered solutions streamlined their HR processes and improved employee engagement. Transparent communication and showcasing measurable outcomes, like improved employee satisfaction and reduced manual tasks, played a key role. Additionally, we leveraged customer testimonials and case studies to highlight successful implementations, which helped build credibility and encourage others to adopt our platform.

    StartupTalky: What were the main challenges you faced early on, and how did you overcome them?

    Mr. Kakkar: In the early stages, one of the main challenges was convincing businesses to adopt AI-powered HR solutions. Many companies were hesitant to transition from traditional methods, fearing complexity or loss of the human touch. To overcome this, we focused on educating potential customers about the benefits of automation and how Amara.ai enhances, rather than replaces, human interaction in HR.

    Another challenge was refining our technology to meet diverse business needs. We addressed this by actively listening to customer feedback and continually improving our platform’s customization and integration capabilities. These efforts helped us build trust and create a solution that truly met the needs of our users.

    StartupTalky: What tools or software are key to your business operations, and how do they help improve efficiency?

    Mr. Kakkar: AI-powered platforms and cloud-based systems that automate processes like performance management and employee engagement are important tools in company operations. Real-time feedback collecting and predictive analytics are made possible by these solutions, which aid in the early detection of potential hazards like disengagement or retention. Workflows that are automated also minimize the need for human intervention, which increases process speed and accuracy in HR. This enhances overall productivity and employee experience while freeing up HR personnel to concentrate on strategic duties.


    How AI Is Transforming HR Department?
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  • How is AI Transforming HR for Companies?

    Human resources are no less than a building block for organizations. A robust HR team can take companies and organizations to the next level; at the same time, a weak one can spoil established companies. It is vital to nurture and improve the human resources department. After all, this service line recruits the workforce. Stats show the AI market is expanding at a CAGR of 38.1% between 2022 to 2030. AI is claimed to be a top priority in their business plans by 83% of companies.

    Artificial intelligence is transforming HR by making it more efficient and unbiased. Contrary to what many people assume, AI has the power to enhance the concept of human contact in HR.

    Human resources deal with people and their attitudes. From planning to implementation, several processes come under the HR department. Making new policies, ensuring onboarding standards meet the standards, and whatnot— the HR service line also looks into labour relations, performance management, and job design. The HR team assists in achieving the mission and vision of an organization. The use of AI in HR will not only increase the efficiency of the company but also give employees more alignment with its objectives.

    Impacts on Jobs Due to AI in 2022 Worldwide
    Impacts on Jobs Due to AI in 2022 Worldwide

    As of 2022, the global AI market is valued at over $136 billion. Over the next 8 years, it is expected to increase by over 13 times. AI has and will have a heavy impact on job opportunities. It is estimated 2.3 million jobs will be created, while 1.8 million jobs will be eliminated by AI worldwide in 2022.

    What is Artificial Intelligence?
    How is AI Influencing Human Resources?
    Companies using AI for HR Management

    What is Artificial Intelligence?

    AI refers to Artificial Intelligence, a tech which enables computers to think and acts like a human. Organizations are using AI to improve productivity. AI takes decisions based on the input provided. It uses a certain kind of algorithm. With work-from-home culture now mainstream and organizations becoming people-sensitive, the need for AI is escalating.

    Most of the activities executed by HR are now being managed by AI. It empowers human resources to enhance contacts. According to a survey, 60% of organizations are using AI for talent management.

    Key Benefits of Artificial Intelligence
    Key Benefits of Artificial Intelligence

    How Artificial Intelligence Is Transforming Business
    The mimicry of human intelligence is called Artificial Intelligence. Or Thedevelopment of intelligent machines, thinking, and working like humans is called Artificial Intelligence. With the help of machine learning, we can develop an Artificial Intelligence. Machine Learning is an application of …


    How is AI Influencing Human Resources?

    Uses of AI to Assist Workers in Their Organization as of 2020
    Uses of AI to Assist Workers in Their Organization as of 2020

    Artificial Intelligence in Daily Tasks

    AI can take over several tasks that the human resources department deals with on a day-to-day basis. It can give responses to prospective and current employees. It can also help with questions related to policies and procedures. And this is just the tip of the iceberg when it comes to AI’s capabilities. It can also free up time for HR professionals to focus on other work.

    Handling forms of different kinds, simplifying training sessions, and AI systems can execute various other tasks.

    For organisations, choosing the right talent is a crucial task since employees are the cornerstone to success. When it comes to skills, companies generally have some set of standards. AI can help the HR department to filter resumes as per the desired skill set. AI systems can screen resumes according to the data they are trained on. The department will then have to spend lesser time on the selection process.

    Providing Training

    AI can help new employees by providing efficient training. A conversational chatbot can be used for this purpose. Employees facing any difficulty can send messages to the chatbot. The latter will reply based on the way it’s programmed. Moreover, the chatbot shall give employees the flexibility to complete external and internal training according to their convenience. At times, employees don’t know whom to contact for queries. An AI-powered helpdesk can facilitate the situation.

    AI in decision Making

    Artificial Intelligence can help employees to understand their moods better. Due to workload, employees aren’t able to give their best at times. AI can be trained to provide personality and behaviour insights. Individuals can then use this system to facilitate decision-making.

    Employee Retention

    AI can help the HR team to analyze the reasons behind layoffs and retain more employees. Believe it or not, AI-based systems can help manage the workforce, and that too a satisfied one.

    AI can detect and analyze employees who are disengaged or unproductive. It can provide insights as to where the company is lacking, or why its people are discontent.


    Transforming the AI employment landscape – AlmaBetter Data Science LER Program
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    Appraisals

    Appraisals keep the workforce motivated. And the process should not be partial or biased. AI has a role to play here as well. It can ensure employees get the results in tandem with their performance. Giving appraisals or bonuses to the suitable candidate can boost productivity immensely. Moreover, appraisals require neutral thinking, something which AI is capable of.

    Companies using AI for HR Management

    Companies such as Google, Amazon, IBM, Unilever, L’Oréal, IKEA, Adecco, Hays, Deloitte, Vodafone, PwC, Oracle, TCS, Accenture, and Tech Mahindra have adopted AI for HR Management.

    Some AI platforms/tools for HR selection and recruiting are HireVue, Mya Systems, HiredScore, Wade & Wendy, AllyO, Textio, Turing, Toptal, Manatal, Skillate, TurboHire, Talenture, Fetcher, SeekOut, Zoho Recruit, Paradox, Humanly, Findem, hireEZ, AmazingHiring, Loxo, Eightfold.ai , Textio, myInterview, and Arya, Pymetrics.

    AI cuts time spent on CV verification, and other recruitment processes. The best eligible candidates are filtered out. Unilever, L’Oréal, and IKEA are the B2C using AI to transform their Candidate Sourcing Strategies.

    Company Name AI Hiring Assistant/solution Purpose
    IKEA Robot Vera Conduct interviews and send out
    customized follow-emails
    Unilever HireVue Assessments Hire the best and most diverse graduates
    among potential candidates
    L’Oréal Mya Filter out the best candidates among the
    received job applications

    AI adoption in HR is increasing. Here is a list of a few companies revolutionizing recruiting process using AI.

    AI platform/solution used Companies using the platform
    HireVue 700+ companies, including Unilever, Vodafone, PwC, and Oracle
    Mya Systems L’Oréal, Adecco, Hays, Deloitte, and more
    HiredScore Trusted by 40% of the Fortune 100: Intel, Dell, Domino,
    Johnson & Johnson, and more
    Wade & Wendy E-Trade, Randstad, Comcast, and more
    hireEZ Deloitte, VISA, Amtec, Wayfair, CommonSpirit, and more
    AllyO Walmart, Hilton, AT&T, FedEx, Arbys, and more


    Artificial Intelligence Technology in Demand Planning and Forecasting
    Artificial intelligence has been drawing a lot of attention as companies andtech-savvy vendors continuously seek how machine learning could improve demandplans and supply chain operations. In particular demand forecasting, the processof planning forecasts that will drive operational supply chain …


    Conclusion

    The impact of AI on HR Management is now extending to use cases and problems hitherto unexplored. It is providing helping hands to people in their work. Health, finance, banking, computing, marketing, and management. Artificial Intelligence is penetrating every imaginable industry. With unbiased results and the ability to be improved further, AI is here to stay.

    FAQs

    How will artificial intelligence affect human resources?

    AI provides HR departments with an opportunity to improve the candidate and employee experience by automating repetitive, low-value tasks and freeing up time to focus on the more strategic, creative work that HR teams need and want to get done.

    What is artificial intelligence in human resources?

    At a high level, AI is a technology that allows computers to learn from and make or recommend actions based on previously collected data. In terms of human resources management, artificial intelligence can be applied in many different ways to streamline processes and improve efficiency.

    What is human resource transformation?

    Human resource transformation is the process of fundamentally rethinking and rechartering the HR function/department in the organization. If HR professionals do that, they become the “go-to” people to help operating managers address “people problems” they face in getting the organization’s work done.

    Can technology replace human resources?

    No, technology is not stealing human resources jobs; instead, it’s helping small businesses work more efficiently. Although apps and software eliminate some tasks, they typically aren’t enough to replace a person in the workplace.

    What are some benefits of AI?

    • 24×7 Availability
    • Saves time
    • Saves money
    • Reduces Human Errors
    • Removes human bias
    • Daily Applications