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Poonawalla Fincorp has integrated Artificial Intelligence (AI) into its HR processes, leading to significant improvements in efficiency, cost management, and speed. By automating key tasks such as candidate screening, resume matching, and document verification, AI has reshaped how HR operates, making the recruitment process faster and more accurate. The use of AI has not only reduced operational costs but also improved overall productivity. AI Speeds Up the Recruitment Process Before the adoption of AI, finalizing a job offer at Poonawalla Fincorp typically took about ten days. Now, AI has reduced this time to just one day. This drastic improvement is due to AI’s ability to automate key stages of the recruitment process, including screening resumes, verifying documents, and processing candidates with minimal human intervention. AI’s Role in Recruitment AI scans resumes and matches them to job descriptions quickly, allowing recruiters to find the best candidates faster and more accurate...

Poonawalla Fincorp, under the Cyrus Poonawalla Group, has taken a significant step toward digital innovation by incorporating Artificial Intelligence (AI) into its HR processes. This integration is transforming the way the company handles recruitment, candidate screening, and employee support, setting a new standard for HR practices in the corporate world. The AI-driven changes have not only increased efficiency but also drastically reduced the time and cost associated with recruitment. Accelerating Recruitment with AI Poonawalla Fincorp has drastically reduced the time needed to finalize job offers, thanks to its AI-powered systems. Traditionally, the process could take up to ten days, but AI tools now allow the company to make offers in just under a day. By automating repetitive tasks like candidate screening and document verification, the recruitment cycle has become much faster and more efficient.  Automating Candidate Screening and Document Verification AI's role in candidate...

Artificial Intelligence (AI) has taken industries by storm, and one sector that is significantly benefiting from its integration is Human Resources (HR). And, Poonawalla Fincorp has embraced AI to streamline its HR processes. The company’s efforts aim to reduce operational costs, increase efficiency, and enhance the employee experience.  Through the integration of AI across its HR Strategic Business Unit (SBU), Poonawalla Fincorp is setting a new industry standard, optimizing everything from recruitment to employee engagement. How AI Helps In Recruitment? Speeding up Candidate Screening : Recruitment is often a lengthy process, from posting job advertisements to evaluating resumes. Poonawalla Fincorp has incorporated AI tools to automate candidate screening. By quickly analyzing resumes and matching them to job descriptions, AI accelerates the identification of suitable candidates.  Automating Job Postings: Posting job listings can often be time-consuming, requiring HR staff ...

Poonawalla Fincorp is forging a strategic collaboration with IIT Bombay to alter human resources (HR) with the power of artificial intelligence (AI). This partnership is set to bring cutting-edge technologies into the HR realm, making processes more efficient and streamlined. By integrating AI with human judgment, Poonawalla Fincorp aims to enhance its recruitment process and overall employee experience, ensuring a faster, more precise, and seamless system. AI’s Role in HR Operations HR departments are the backbone of any organization, responsible for managing talent, ensuring the right people fill the right roles, and addressing employee concerns. However, with an ever-increasing workload, HR teams often face pressure to meet rising demands for efficiency. Poonawalla Fincorp has recognized this challenge and turned to AI as a means to lighten the burden while maintaining the human touch that is essential for effective HR operations. Changing the HR Landscape with AI By incorporating A...