Artificial intelligence (AI) is rapidly transforming many industries, and this is particularly true for areas such as performance management where artificial intelligence has been developing rapidly. AI is being used in a variety of ways to improve the performance management process, including:
- Automating tasks: It eliminates the tedious tasks of performance management reviews, such as collection of feedback and generating reports, all of which take up a significant amount of a manager’s time. This allows managers to concentrate on other strategic roles like training and nurturing their employees.
- Providing insights: AI gives insights into many aspects that could not be obtained manually when evaluating employees’ performance. For instance, using AI can detect patterns in employee performance, reveal employees prone to exhaustion and requiring extra support, and predict employee turnover.
- Personalizing feedback: Feedback can be made personal and customized using AI for employees. That’s why an AI can consider individual interests of each worker. Feedback personalized for specific issues makes it easier for an employee to do better.
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