Chatbots: The New Technology Revolutionizing the HR Industry

Revolutionizing the HR Industry
       Revolutionizing the HR Industry

Chatbots are revolutionizing the HR processes, making them more efficient. They are essentially changing the way the department works and communicates, resulting in more optimized operations. Chatbots are powered by Artificial Intelligence that conduct conversations. Starting from talent acquisition to employee onboarding, chatbots have proved to be useful for a number of HR processes. HR departments are among the first business sectors to adopt chatbots mainly for making interactions with employees more effective. The chatbots engage in virtual conversations, providing employees with simple answers to their queries. However, the technology is further evolving to learn the needs and roles of individual employees and providing them with the specific information they require. Let’s have a look at the use cases of chatbots in the HR departments:

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Best Practices for Managing Small Business Finance

Managing Small Business Finance
    Managing Small Business Finance

Being a small business owner, you are continually required to deal with a myriad of tasks and problems. And, amid the heaps of complex responsibilities, managing business finance alone becomes one of the most overwhelming tasks. For every business owner, it’s important to analyze and understand the financial state of their business to ensure that the cash keeps flowing, even under dire circumstances. Moreover, growing a business is all about having a vision, taking risks and revamping operations to reach new heights, and this often requires investing money strategically. Smart management of business finance is one of the most crucial things that a business owner needs to master to achieve success and turn their investments into profits. However, for most of the entrepreneurs, efficient finance management doesn’t come naturally; it has to be learned, sometimes the hard way. Financial challenges differ for different businesses and overcoming them also requires different strategies. But still, there are certain financial best practices that can help a small business sail through the murky waters and thrive. 

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6 Effective Strategies for Attracting Passive Talents to Your Company

Attracting Passive Talents
Attracting Passive Talents

You are missing out on good talents possibly because the people who would be suitable for your organization aren’t even applying for the job. Known as passive candidates, such people are already employed and aren’t actively looking for a new job opportunity. Some of the passive candidates might have rich experience and desirable skills, hence successfully and satisfactorily employed. However, the fact that they are not on a job hunt and thus aren’t being interviewed by other recruiters makes them ideal candidates for your organization that you can hire without the probability of losing them to your competitors. Statistics suggest that passive talents are 33% more likely to be looking for challenging work and 120% more likely to impact your business positively. However, hiring such candidates for your organization is always a challenging job because it’s tough to identify and target them as they are not looking for new employment. And, many recruiters make the mistake of assuming that if they aren’t applying for new jobs, they are probably not interested in one. But it has been found that many passive talents are very much interested in exploring a new opportunity if they find it attractive enough.

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7 Common Professional Networking Blunders to Avoid

Professional Networking Blunders
     Professional Networking Blunders

Professional networking should be one of your top priorities if you are aspiring to make it big. Building powerful and authentic professional relationships can significantly boost your career and for that, it’s important to know the right skills and strategies so that you can make your efforts count. And, it’s even more important to know that a single blunder on your part can make all your efforts futile, or worse, have a negative impact on your career. It takes a lot to build a great professional network, including handling some minor to majorly offensive, annoying or odd statements and requests. You would be surprised to know that a number of smart and talented professionals also have such blunders to their credit. And, you might be unaware but you too are probably making some blunders in professional networking that are diluting all your efforts and damaging your chances of making strong connections that help in advancing the career.

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