Revolutionizing Human Resource Management: An Empirical Assessment of Smart HR Practices in India

Abstract

As such, it is expected that the recommended research project will help explore the impact of innovations in HRM using advanced analytical methods, information technologies, and artificial intelligence on the present-day HRM practices in India. The SEM and regression analysis will be used as techniques for gathering and processing data in order to determine the correlation between the efficiency of HRM, performance of employees, and efficiency of organizational activities through conducting interviews with 400-600 HR managers working in different organizations in India. Statistics shows that today up to 72% of all organizations in India employ HRM technologies with the application of artificial intelligence, whereas in other organizations around the world the corresponding figure stands at 55%. Therefore, one may say that digital HRM has developed fairly quickly in India. It should be noted that according to the results of the empirical research, it became apparent that innovations in HRM improve organizational efficiency (β = 0.45), lower the turnover rates of workers (β ≈ 0.32), and motivate staff (β ≈ 0.40). Besides, the connection between technology and organizational efficiency is partially determined by the expertise of HR managers.