AI Enhancing Employee Experience is a pivotal concept in today’s business landscape.
Gallup’s report shows that the employee engagement rate dropped by 2% costing the global economy the lumpsum amount of $8.1 trillion in terms of lost productivity.
To recover from this significant loss, businesses across the globe need to radically change their outlook on employee experience. One of the precise ways to help employees at each stage is with the help of AI. The integration of Artificial Intelligence in the workplace has significantly enhanced both the working environment and the overall employee experience.
Need for AI in the workplace
AI is used in a variety of ways in the workplace ranging from reducing human error to making data-driven decisions for organizations. The use of AI is tremendously growing and its global market is expected to reach $1.59 trillion by 2023. AI in the workplace can lead to both tangible and intangible gains.
Companies that foster a positive employee-centric culture benefit from higher productivity and profits. Research shows that businesses that incorporate AI in the workplace experience substantial improvement in employee productivity. Furthermore, 50% saw notable gains in employee engagement.
This way AI Enhancing Employee Experience in a good way.
AI and Employee Experience (EX)
Artificial intelligence is poised to become the game changer driving better employee satisfaction. Furthermore, AI enables businesses to create personalized employee journeys, thereby increasing productivity and employee retention. Enhancing the employee experience leads to multiple benefits for the host company. A productive and employee-centric culture attracts innovative talent to the company and leads to empowerment in the workplace.
Here are a few ways in which AI can significantly impact employee experience –
Personalized learning with AI
AI has opened new doors of opportunities and made analyzing data and reviewing employee performance easier. AI can help in recommending personalized learning and developmental prospects. By leveraging robust algorithms, companies can build top-notch personalized models, raising the overall performance of the firm. Employees benefit from the tailored recommendations based on individual needs and preferences.
Enhancing workplace communication with AI
AI-powered tools such as chatbots and virtual assistants can help automate mundane tasks such as document sharing, scheduling meetings, and other higher-value activities that utilize skill and expertise. Recent research reveals that about 68% of employees want their companies to use more AI tools.
Increasing employee efficiency
AI now provides smart collaboration tools which can improve team communication and collaboration. It can also help in providing constructive feedback and helping employees in aligning their performance with organizational goals. AI tools also offer employees an easily accessible confidential platform to seek help and support. 56% of employees already use AI daily.
Real-time decision making
AI offers instant and precise information that is utilized by employees across the organization for decision-making purposes. AI can sort through vast amounts of data to extract valuable insights. Such features of AI along with the advantage of cost-saving captivates organizations towards it. AI has shown the potential to achieve higher accuracy rates compared to human decision-making in certain domains.
With real-time decisions AI Enhancing Employee Experience.
AI enhancing employee experience
Various AI-powered tools are propelling the business world towards enhanced efficiency. Transitioning from the initial stages, employee experience becomes more accessible with the aid of AI. According to a Deloitte survey, a staggering 91% of business leaders report implementing an enterprise-wide AI strategy. Consequently, AI serves as the essential means for employees to remain updated in the fast-paced business landscape.
Moreover, following are a few AI tools used widely to enhance employee experience.
Chatbots provide instant responses to employee queries, assist them with ongoing processes, and offer other self-service options. It can help in saving time and improve the overall employee experience by providing quick and accurate assistants. Organizations now integrate AI chatbots into their official website to answer employee inquiries instantly. A survey by Oracle revealed, that 80%HR executives believe that chatbots could positively impact employee experience by providing instant access to support.
Chatbots are the AI Enhancing Employee Experience, by streamlining communication, providing instant support, and facilitating efficient task management.
Employee engagement platforms
AI platforms help you keep your connection alive with a social intranet for distributed teams. Moreover, a report by Accenture shows that 80% of executives believe that Artificial Intelligence will improve the employee experience by enhancing engagement and improving job satisfaction.. Companies leverage the power of chatbots and virtual assistants to foster higher engagement levels. AI-based tools like Indeed and CareerBuilder have emerged as valuable solutions for enhancing employee engagement and helping business maximize their potential.
Performance tracking software
Performance management software helps managers evaluate employee performance by collecting data points to measure employees’ overall performance. We360.ai is an example of an AI-based tool that helps in monitoring employee performance. Such AI software helps managers appreciate employees for their performance and provide constructive criticism where required. Moreover, employee experience and performance depend on how effectively the firm leverages benefits from AI-powered tools..
AI in workplace wellness (AI Enhancing Worker Wellbeing)
Employee well-being has emerged as a top priority for businesses, and AI has its back. A global study reveals AI has helped 75% of respondents with their mental health at work. Various AI-powered platforms such as Ginger, Welltok, and LifeWorks not only thrive for employee wellness but also foster their overall well-being. They help to encourage healthy lifestyle choices and to navigate through personal and professional challenges for employees. These tools track activity levels and provide support for fitness, nutrition, and sleep.
Bottom Line of how AI enhancing employee experience
“AI tools are designed to enhance productivity, foster engagement, and, furthermore, improve the overall employee experience.” These tools enable real-time feedback for growth and learning. According to 81% of surveyed employees, AI is the main reason for their improved performance. From instant support to streamline conversations, AI is transforming organization and employee relations, thereby fostering increased satisfaction and an improved experience. In essence, by prioritizing employee experience with the assistance of AI, organizations can cultivate a higher level of motivation, consequently contributing to long-term organizational success.
