In the ever-evolving landscape of human resources (HR), technological advancements continue to revolutionize the way organizations manage their workforce. One such innovation that is reshaping the workplace landscape is artificial intelligence (AI). From recruitment and talent management to employee engagement and performance analysis, AI is driving unprecedented change and efficiency in HR practices.
The traditional recruitment landscape, with its static job boards and resume submissions, is undergoing a revolution. As technology evolves and the workforce demographics shift, innovative HR practices are emerging to redefine how we attract, engage, and hire top talent. This future-focused approach holds immense potential for organizations seeking to build winning teams in a competitive market.
Salary grading and benchmarking are some of the issues faced by most of the organizations who do not pay equal salaries as per market value for the same positions. This may bring many challenges both for the company and employees. Employees may loose interest at work, get demotivated, loose their sense of innovation, avoid taking initiatives, just come to work so that he gets paid end of the month, use companies resources to find another job, and most importantly, may resign. The disadvantages which this brings to an organization are far more - the biggest being impact on profits and unhappy employees.
