The war for talent is fierce and it’s become increasingly difficult for companies to both hire and retain talent. For the fourth year, the Board Survey of CEOs found that “Human Capital” is the CEOs number one global business challenge. Artificial intelligence (AI) is being lauded as the solution to these workforce concerns.
However, there is still a lot of uncertainty about AI. Some fear that automation will replace human labour. Others remain skeptical about the trustworthiness of the technology.
Where HR is concerned, accurate use of AI and predictive analytics on how the workforce will grow, shrink, and change are the cornerstone of effective workforce analysis and planning. AI can give you better insights into your workforce so the HR team can make better decisions to match workforce supply with demand. Yet it comes with risks.
In this session, people analytics expert Ian Cook will review the trends behind the demand for AI in HR. He will demystify AI and predictive analytics by defining it in human terms – without the technical jargon and with an explanation of their impact on human capital. He’ll explain practical and actionable applications of AI in areas like employee retention and employee movement.