Transforming HR in Finance by Leveraging IoT and AI for Strategic Talent Management

Financial institutions have recognized the value of AI and the IoT in enhancing strategic human resource management. The paper presents a comprehensive integration framework that utilizes AI and IoT technologies. The focus is on key aspects of human resources operations, such as employee recruitment, retention, employee engagement, and performance evaluations. Productivity and efficiency can be maximized by 72% and 92%, respectively, through the application of AI algorithms and predictive analytics in IoT devices used in the collection of real-time data for HR operations. The proposed framework will be diverse in performance indicators, have appropriate strategies for change management, robust security measures, and pipelined data meant for long-term use. It consequently contributes to the design of a dynamic and personalized human resource management strategy based on insights derived from data.