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The lifeline of any successful organization is their workforce and their knack of keeping an updated talent pool. As the unstructured data grows, so does the dynamics of recruiting and hiring process. AI, now more than ever is playing a significant role in the way the business processes are run. In relation to HR, it helps in automating bookkeeping and various other repetitive interview processes like scheduling, sourcing, etc. There are AI-powered tools in the market which combines digital video with predictive analytics, and eventually, speed up the time to hire without compromising on the quality of hire. Companies like to observe. AI, use video interviews to create multiple data points on facial expressions, choice of words and intonation to assess the candidate. The Application Tracking System software leverages AI capabilities to automate candidate screening and decrease the cost per hire and augments recruiter’s efficiency manifold, letting them focus on candidate engagement and brand building. AI through machine learning algorithms predicts the success of a prospective candidate by comparing their metrics with the qualification to success ratio pattern model, built from a large amount of sourced data of successful employees, and grades the candidates who match the criteria. This reduces bias during the screening process making the hiring process more transparent and seamless. A chatbot is another AI driven technology which uses NLP to interacts with the users over text through websites or any other integrated platform to provide clients with a conversational experience from any device and in their own language. Chatbots use NLP to engage with the customers in real time in dialogue very similar to human interaction. The advancements of AI have led to an unbiased and a fast track fit to hire process. The capabilities of AI have resulted in a taut hiring strategy, driven by real-time data and predictive models based on machine learning algorithms. The accuracy of hiring has helped in mitigating the cost associated with high turnover and rehiring. To know more about how the Application Tracking System visit https://recruitmentsmart.com/

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Changes to the ‘Future of Work have been happening rapidly over the last 25 years. However, the next decade is going to see an unprecedented impact because of Artificial Intelligence and Digital Technology. Many organizations are busy trying to understand how they can leverage Digital Disruption for business profitability and customer engagement.

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In today’s business world, the entrepreneurial startup zone is where all the creative action is. The emergence of Angel investment funds has powered startups in all sectors. How is an Angel Investment Fund different to a PE fund? Angel investment funds are like any other small private equity (PE) fund, but they focus on seed or very early stage of a startup’s life cycle. At this stage, the startup needs small amounts of funding. But the funding can be both high risk and high returns. Most angel funds are limited partnerships with the Fund Manager as the general partner and other investors as limited partners. What is the role of a Fund Manager? The Fund Manager has comprehensive responsibility for the fund and its performance. He or she raises the money from the angels who are participating in the fund. The Fund Manager, in the role of the general partner, then scans the market to identify smart investment opportunities; conducts due diligence of the target entity; invests money from the angel fund; and collaborates with the portfolio companies to ensure business performance and results. The Fund Manager ensures a multi-fold valuation and subsequent exit to ensure high returns on the equity invested Fees Angel funds, like any other organized venture funds, make multiple investments to hedge risks. These funds are represented by professional managers or by entrepreneurs themselves who possess experience and expertise in creating and scaling startups. An Angel Fund earns a management fee and an incentive fee. The management fee varies between 1% and 3.5%. An incentive fee is a performance linked success fee and may climb to 20%. The success fee is paid as a percentage of the profit accrued on exit. In the absence of profit, there is no success fee. Focus Angel funds evolve to have their respective focus. Technology companies have shown to be a preferred segment with angel funds. Fintech, Medtech, Edtech, Cybertech, Cleantech, etc are examples of areas that have grown quite large. Lately, we are seeing the emergence of People Tech as an underserved but very lucrative sector for investment. This originated from the need to scale the organizational demands of people in a cloud era. Employee experience and a consumer mindset are leading to a very different set of expectations from employees which is making talent attraction and retention challenges. The HR tech market grew by an astounding 10 percent last year, according to Sierra-Cedar’s 2018–2019 Systems Survey. The arrival of innovative, creative and predictive AI-based products is contributing to this explosion. The London based HRTP (HR Tech Partnership) is an investment venture in the Human Capital space with most of its investors being senior corporate directors. The company is a growth stage investor and focuses on companies which leverage data and analytics to help organizations around Talent and Workplace productivity. It believes that advancements in the latest technology can be useful for disrupting conventional people practices and enhancing productivity. To know more about Angel Investment and how the HR TECH Partnership works visit www.hrtechpartnership.com

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