The New Age of HR: Meeting Higher Corporate Performance Demands

BY Dan Heilman | June 19, 2024

While its applications are still being puzzled over, artificial intelligence is already gaining a foothold in human resources decision-making. Neil Taylor, vice president of product marketing for workforce planning software maker Visier, maintains that AI is in a position to be leveraged to improve the performance of company managers – and by extension, their employees.

In a thought leadership spotlight titled “The New Age of HR: Meeting Higher Corporate Performance Demands,” at From Day One’s Minneapolis conference, Taylor points to generative AI, which can create new content and ideas, as a potential conduit to attracting and keeping the best talent.

“I’m the first to admit that I think about Gen AI taking my job all the time,” said Taylor. “But I would just challenge everyone to think about how Gen AI can impact work for the better.”

Taylor points to a generative AI assistant that can be trained to offer insights about personnel that might not be accessible by more conventional means.

Neil Taylor, Vice President Product Marketing at Visier led the session titled, "The New Age of HR: Meeting Higher Corporate Performance Demands"

“There are huge advancements in bringing in data – specifically, data about anyone in the organization,” says Taylor. “You can ask a natural language question and get a natural language response in seconds, and it's tailored to your organization's data. It really allows people who need to make decisions about people to get insights in a matter of seconds.”

Taylor pointed to a Deloitte study saying that only about 3% of executives say they have sufficient information about their employees to make good HR decisions. That’s where AI technology has the potential to fill the gaps that can be left by intuition alone.

“People managers are getting squeezed,” he said. “They’re under an immense amount of pressure to do more with less.”

As a work in progress, generative AI is being employed mostly by early adopters at the moment. But Taylor encouraged managers to at least give it a test drive. Industry analyst Josh Bersin has stated that only a small percentage of HR teams even have a strategy around generative AI. That potential needs to be tapped soon, says Taylor.

“AI is going to unlock this huge wave of productivity increase,” he said. “It has all this horsepower, but that horsepower is essentially sitting in the stable.”

Editor’s note: From Day One thanks our partner, Visier, for sponsoring this thought leadership spotlight.

Dan Heilman is a writer and editor based in St. Paul, Minn.