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Managers with highly engaged employees deliver improved business outcomes, including increased retention, higher productivity rates and lower absenteeism.

With many leading HR organizations successfully integrating artificial intelligence (AI) technologies into recruiting processes, AI and machine learning are improving recognition experiences. Yet there are essential differences between the effective use of AI in recruiting and recognition. In recruiting, AI has proven most successful in helping decision-makers source, screen and evaluate large numbers of candidates. For managers, recognition is not a volume process but a personal expression of appreciation.

Artificial Intelligence (AI) is transforming how organizations deliver products and services, manage customer experiences and orchestrate operations.

Early versions (1990s) of AI in applicant tracking systems (ATS) were used in keyword matching to help recruiters sift through large volumes of applications. As computational processing power improved exponentially one decade later, machine learning algorithms and natural language processing led to predictive analytics for candidate assessment and sentiment analysis, enabling recruiters to gain deeper insights into candidates’ personalities and cultural fits.

The August jobs report demonstrates that the U.S. labor market is slowing but still healthy.

In August, the U.S. economy demonstrated moderate growth, adding a less-than-expected 142,000 jobs. In addition, downward revisions to June and July equaled 86,000 fewer jobs added than initially thought, reflecting a market that may be cooling faster than expected. Revisions are part of the process; however, revisions have been high this year, suggesting employers may have added 2.1 million new jobs rather than the 2.9 million initially reported. At the same time, modest wage growth and a downtick in the unemployment rate reflected a market that remains solid.

Today’s competitive business environment has made attracting and retaining top talent more challenging. Companies are constantly seeking innovative strategies to not only bring in skilled professionals but also to keep them engaged and satisfied in their roles. One powerful yet often underutilized tool in this endeavor is employee recognition. By leveraging recognition effectively, organizations can create a positive work culture that attracts high-quality candidates and fosters long-term employee loyalty.