Human beings are known for a myriad of different things, but most importantly, they are known for getting better on a consistent basis. This tendency to improve, no matter the situation, has fetched us some huge milestones, with technology appearing as a rather unique member of the group. The reason why technology’s credentials are so anomalous is based on its skill-set, which realized all the possibilities for us that we couldn’t have imagined otherwise. Nevertheless, a closer look should be able to reveal how the whole runner was also very much inspired by the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence and made it the ultimate centrepiece of every horizon. Now, having such a powerful tool run the show did scale up our experience through some outright unique avenues, but even after reaching so far ahead, this prodigious concept called technology will somehow keep on bringing the right goods to the table. The same has grown to become a lot more evident over the recent past, and assuming a newly-launched HRM solution ends up with the desired impact, it should only propel that trend towards far greater heights in the near future and beyond.
Paylocity, a Schaumburg-based company, has officially unveiled a new solution called Assist AITM, which is designed to leverage generative artificial intelligence for the purpose of enhancing communications across the organization. According to certain reports, the companies using Assist AI can help its HR professionals, leaders, and employees, put-together an effective communications’ framework, notably enabling them to do so in a lesser time than what is considered as an industry norm. Talk about how it manages such a feat, Assist AI delivers the promised utility by quickly drafting ready-to-send communications and announcements directly in the Paylocity platform, and all it needs to make that happen is a simple prompt from the user. Another method that is used here to bolster efficiency revolves around tailoring messages to specific audiences. This customization can either be thematic so to reflect a granular-level focus on each department or, in some cases; it can simply include language translations to reach employees from different backgrounds and cultures.
“Every company I talk with is searching for more intelligent and personalized ways to improve employee engagement so they can stay ahead of an increasingly competitive and uncertain labor market,” said Steve Beauchamp, co-CEO of Paylocity. “AI Assist builds on the powerful employee experience features we’ve embedded across our platform to not only connect with employees in new, more effective ways, but also give HR and employees the latest tools to make it easier and more fun.”
Although it seems like a huge development in its own right, Assist AI is only a part of Paylocity’s wider HRM platform. As for what all comes together to form these expanded horizons, the list includes a Modern Workforce Index, which provides HR professionals and business leaders an overall score of a company’s health, performance benchmarks to peers, and relevant insights to scale up employee engagement, and subsequently, their overall productivity. Next up, we have dedicated retention risk dashboards that study all the factors crucial for any effort at employee retention. These factors can be anything from location, department, and authority structure to length of tenure, compensation, and general growth opportunities. By analyzing all the stated factors, the concerned executive can easily identify employees who are at the highest risk of leaving the organization, a piece of information which can then set the stage for timely preventive measures.
The platform further lets you generate in-depth time and labor forecasts to reduce costs. You see, with the system giving out an informed prediction regarding total number of hours needed for a given schedule, it saves the company from having to bear any unnecessary labor expenses. Among other interesting features, Paylocity’s solutions also hands you a medium to conduct a tone and sentiment analysis. The idea here is to guide the department heads in conceiving a more constructive brand of feedback for their team members.