Artificial Intelligence Powered Workforce Planning - The Future of Strategic Human Resource Management

Artificial Intelligence (AI) is revolutionizing various industries, Human Resources being one of them. Many organisations have started integrating AI solutions in their workforce strategies and are seeing impressive results. AI can be implemented at any and every stage of workforce lifecycle, beginning from workforce planning to talent management, employee retention, employee satisfaction, general employee management and onboarding/offboarding. AI can be used to build frameworks, strategies and guide autonomous decision making based on inputs from various disparate sources – including internal workforce data, historical data, external market position, trends and evolving technology. This document focuses on the need for implementing AI solutions in the workforce planning module and its benefits. Workforce being the key strength of any organisation, it is essential to have the 'right resources with the right skill-set at the right time'[1]. The document briefly describes the need for strategic and efficacious workforce planning which concurs with an organisation's success. The document describes in detail the challenges faced by a traditional workforce planning model and why an AI solution would be successful. Along with the virtues, the article will also describe the challenges and considerations that arise with using AI. In conclusion, with mindful implementation of AI, HR professionals can highly benefit and be a key contributor in setting up an organisation for success.