How Poonawalla Fincorp Is Optimizing HR With AI
- 1. How Poonawalla Fincorp Is Optimizing HR With AI A Groundbreaking Initiative by Poonawalla Fincorp
- 2. Pioneering Innovation in Financial Services Company: Poonawalla Fincorp Limited (Cyrus Poonawalla Group-promoted NBFC) Initiative: AI integration in HR Strategic Business Unit (SBU) Impact: Transforming HR operations and setting industry benchmarks
- 3. Transformative Outcomes of AI Integration Time to finalize job offers reduced from 10 days to under one day (90% improvement) Streamlined processes with cost efficiency and operational enhancements
- 4. Words from the CEO Quote from Arvind Kapil: “This is a transformative year as we intensify efforts to create a strong, customer-focused ecosystem. AI in HR is just the start of our extensive digital innovation plans.”
- 5. How AI is Transforming HR Operations Quick Candidate Matching: Swift and precise resume-job alignment Instant Document Checks: Automated verification, reducing errors Efficient Candidate Processing: Minimal manual intervention Automated Job Postings: Seamless and accurate distribution Real-Time Screening: Instant evaluation of candidates
- 6. Revolutionizing the Employee Experience AI-Powered WhatsApp Bots: Real-time support for leave, payroll, and benefits Bias-Free Hiring: Accurate assessments for technical and cognitive skills
- 7. Collaborating with IIT Bombay Partnering with IIT Bombay’s Department of Computer Science and Engineering Leveraging AI to tackle business challenges in HR and beyond
- 8. Balancing Technology with a Human Touch AI automates tedious tasks HR focuses on meaningful human interactions Expansion plans include compliance, customer service, and broader business operations
- 9. Milestones of AI Integration Recruitment time reduced by 90% Streamlined operations for HR Improved employee experience with real-time AI support