AI World Class HR benchmarks from The Hackett Group highlight how AI is transforming workforce performance. The company introduced new research that measures gains in productivity, speed, and cost efficiency.
This discovery was made as part of the AI research conducted by the company, The Hackett Group, Inc. In addition, this study reveals that there is an increasing disparity between firms that are undergoing transformation through AI. Firms using automation.
Additionally, the benchmarks build on earlier research released in May. That study revealed performance gains of up to 75% through AI-driven transformation. Now, the HR-focused insights show measurable improvements across hire-to-retire processes. These include talent acquisition, workforce development, and employee services.
“Most organizations are still trying to justify AI investments one use case at a time,” said Lee Derryberry, principal and HR Transformation practice leader at The Hackett Group®. “Our research shows the greatest returns come when organizations redesign end-to-end processes enabled by AI, allowing improvements to compound across HR as a whole.”
AI-Driven HR Transformation Creates New Workforce Opportunities
According to the research, there is a shift in the nature of enterprise AI adoption. Rather than focusing on technology implementation, capability building has become the goal for organizations. This means that competition in the market is based on agility and the strength of the workforce. In addition to that, expectations of HR professionals have increased. They have to promote skill building and flexibility of the organization. Organizations try to achieve their goals using limited resources. Benchmarks relate to such important HR functions as talent acquisition and workforce management.
“The real value of AI isn’t automating recruiting. It’s stronger organizational capability,” said Franco Girimonte, principal at The Hackett Group®. “Organizations that redesign hire-to-retire processes around AI build more agile workforces, accelerate skills development and enable HR to become a more strategic business partner.”
According to the study, the cost per hire could be reduced by 61%, while recruiter efficiency can be increased by 119%. At the same time, time to fill positions could be reduced by 57%. Apart from that, there is AI support in the growth of the workforce. There will be more internal mobility and better results in training programs. As a result, HR departments will have more opportunities for performing strategic functions. The study is based on 30 years of benchmarking information. This information is obtained from top global companies.
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News Source: Businesswire.com
