AI Revolutionizes Hiring Processes and Reduces Time-to-Hire
Poonawalla Fincorp Limited, a leading non-banking financial company within the Cyrus Poonawalla Group, has embraced Artificial Intelligence (AI) to overhaul its Human Resources (HR) department. This AI integration has significantly accelerated the recruitment process, reducing the time it takes to finalize job offers by 90%, from 10 days to just one day. The AI systems help speed up recruitment activities by automating key functions, ultimately allowing the company to offer a quicker response to potential candidates.
Cost Reduction and Increased Productivity Through AI
Beyond accelerating the recruitment process, AI-driven solutions have brought a host of other benefits to Poonawalla Fincorp’s HR team. By automating processes like candidate screening and document verification, the company has not only reduced the likelihood of errors but has also enhanced overall productivity. Real-time candidate screening and job posting automation have allowed the HR department to streamline its workflow, significantly cutting down on manual tasks and operational costs. As a result, the HR team can now focus on high-priority tasks such as talent development and strategic planning.
A New Era of Employee Assistance: AI-Powered WhatsApp Boot on the Horizon
As part of its continuous effort to improve internal processes, Poonawalla Fincorp is also exploring AI-powered tools to assist employees with routine queries. The company is in the process of developing a WhatsApp-powered AI bot, which will help employees find answers to frequently asked questions about leave balances, payroll, and company policies. This feature is expected to boost employee satisfaction by providing instant, reliable responses to common HR-related inquiries, saving time for both employees and the HR team.
"Our commitment to AI-driven innovation is reshaping how we manage HR processes and serve our employees," said Arvind Kapil, CEO of Poonawalla Fincorp. This shift toward digital solutions highlights Poonawalla Fincorp’s forward-thinking approach to HR operations and employee engagement.
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