AI can transform HR from a cost center to a core strategic a sset
0AI can transform HR from a cost center to a core strategic asset.
No matter the field, it’s the people that make or break companies. Yet historically, HR has been treated as an administrative cost center rather than a strategic department that drives productivity and value.
That sentiment is changing. Today’s technology-driven world is constantly changing, and there is a continuous scarcity of high-value talent in ever-changing fields. This, together with millennials’ different expectations about their jobs, puts pressure on companies to adjust how they handle their human capital. And while employers have realized that retention is key for their success, they are still struggling to increase it. Why is retention so hard, and what can companies do about it?
The answer to the first question is that HR data is hard to harness. As for the second: AI startups are uniquely qualified to unlock the potential of such data.