Abstract:
As a consequence of technology breakthroughs, the world changes quickly. The goal of the
twenty-first century is to establish a direct link between work effectiveness and completion time.
For HRM operations to be successful, they must be both efficient and effective. Artificial
intelligence (AI) has the potential to improve employee engagement, decrease repetitive tasks, and
save time. Nevertheless, it interferes with HR functions like hiring and performance reviews. For
example, In-person encounters could be emotionally draining. Training and education for HR
managers is crucial, as is their ability to adapt to new situations. AI has the potential to greatly
accelerate this development. The use of AI might greatly enhance HRM practices on a global scale.
In a study conducted by Agarwal and colleagues (2022), artificial intelligence can improve
and fortify human resource practices in businesses. Additionally, it helps in hiring and motivating
staff, which enhances the working environment and builds trust within the company. The HR
department might make better, data-driven choices because to AI's ability to analyze vast volumes
of data, spot trends, and predict results.
By integrating AI into HR, organizations may improve the entire experience of their
employees. There is currently a lack of thorough research on AI integration in Pakistani
organizations. The integration of AI into financial Hra in that country has now come to a standstill
due to the lack of a thorough investigation into the scope of AI application and specific areas of
people management. The new economy will adjust to global trends in technological advancements,
industry revolutions, and innovations in order to stay up to date and take part in these developments
through national plans and actions in a safe technological and knowledge environment that ensures
economic transformation to an economy based on innovation, understanding, and innovation, in
relation to the Pakistan for 2040 vision (2021). The ideal industry is one that can provide
sustainable and equitable growth, foster an environment that is friendly to business for everyone,
and Improving exports in the contemporary and value-added industries. Despite the paucity of
research on AI-enhanced employee engagement and accomplishment, Pakistani workers may
benefit from AI-based feedback, support, and personal growth as it may increase employee
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engagement and sales. The ethical concerns, cultural limitations, and legal implications of using
AI for Pakistan's financial sector, however, have not received much attention.
