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Using AI to Enhance Talent Management in 2023
As uncertainty looms and the recession hits, employee engagement and development must remain a top priority for organisations. With 94% of employees saying they would stay with a company that invests in their career growth, retention is crucial in 2023.
In these tough times, quality over quantity is key in recruitment. Going out and hiring new talent costs more than retaining employees, and the talent is scarce. This is why many HR leaders are looking to harness the power of data-driven insights to improve their talent management processes, boost employee engagement, and decrease attrition. If you’re one of the leaders looking into enhancing your TA processes in 2023, let’s dive in to 3 ways in which AI can help in 2023 and beyond.
Here are three ways in which AI can support Talent Management this year:
1. Attracting and Retaining Top Talent
Attrition has been a major challenge in 2022, and even now, 32% of European employees are actively seeking new job opportunities. To address this, HR teams must find new ways to retain employees. With a projected global talent shortage of over 85 million by 2030, it's imperative to act now.
By incorporating AI into the hiring and talent management process, HR data can inform the creation of effective recruitment and retention strategies. Imagine being able to predict employee behaviour with accuracy and intelligence. With AI-driven insights, it's now possible to measure engagement, performance, and well-being in real-time and develop targeted initiatives that improve retention with a greater impact.
You can learn more about how AI can reduce attrition and engagement by tuning into this webinar.
2. Building a Culture of Engagement and Feedback
At Winningtemp, we believe in the power of feedback to attract and retain top talent. By implementing AI-powered feedback processes, HR teams can identify areas for improvement and drive cultural change in real-time to enhance employee engagement and job satisfaction.
Studies show that companies with a feedback culture experience a 14% increase in productivity and 79% of employees feel motivated by praise. You can continue reading this guide on the 8 principles of feedback culture to learn more.
3. Improved Talent Management
With AI and HR analytics, HR leaders can make informed decisions about talent development and succession planning. To tackle the rising turnover rates and global talent shortage, companies must focus on professional development to drive employee engagement and retention.
The trend of quiet hiring, where organisations encourage upskilling among existing employees, is on the rise. AI-driven insights can supercharge your talent management processes and provide valuable data to inform your decision-making.
At Winningtemp, our AI platform uses machine learning to analyse pulse survey data, identify trends, and provide actionable suggestions to enhance employee engagement and your talent management processes.
So, if you're looking to harness the power of AI in your HR processes, consider Winningtemp. We're here to help you build a strong culture and support your talent management goals.
To learn more about how Winningtemp improves employee engagement using surveys and AI, watch our 2-minute video on the link below.
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