Impact Of AI And Blockchain Technology In The Growth Of Digital HRM Transformation As A Function Of Management

Abstract

In the contemporary landscape of organizational management, the evolution of Human Resource Management (HRM) is prominently influenced by the rapid advancement of Artificial Intelligence (AI) and Blockchain technologies. This paper rigorously examines the profound impact of AI and Blockchain on the trajectory of digital HRM transformation, with a meticulous exploration of the pivotal role of management in orchestrating this paradigm shift. Through an exhaustive synthesis of extant literature and empirical analysis, this study delineates key trends, challenges, and prospects intrinsic to the assimilation of AI and Blockchain within HRM frameworks. Likewise, Blockchain technology emerges as a transformative force poised to revolutionize HRM practices by furnishing a tamper-proof, decentralized infrastructure conducive to data management and verification. From facilitating secure transactions to ensuring the integrity of employee records, Blockchain solutions hold promise in redefining HRM workflows. However, impediments including regulatory ambiguities, interoperability challenges, and scalability concerns pose formidable barriers to the widespread adoption of Blockchain in HRM contexts. At the crux of effective digital HRM transformation lies the leadership and strategic acumen of management. A judicious blend of visionary leadership, adept strategic planning, and organizational agility serves as the linchpin in driving the assimilation of AI and Blockchain within HRM frameworks. By navigating the intricate terrain of technological integration, addressing stakeholder apprehensions, and fostering a culture of innovation and adaptability, management assumes a pivotal role in navigating the complexities inherent to digital HRM transformation. Moreover, this paper prognosticates emergent trends such as the confluence of AI and Blockchain technologies, the proliferation of digital HR platforms, and the ascendancy of data-driven decision-making in HRM. Concomitantly, it proffers pragmatic recommendations aimed at guiding organizations and policymakers in navigating the dynamic landscape of digital HRM transformation. From prioritizing investments in workforce upskilling to nurturing collaborative synergies between HR and IT departments, the delineated strategies underscore the imperative of strategic foresight and proactive adaptation in harnessing the transformative potential of AI and Blockchain in the realm of HRM. In outline, this paper accentuates the seminal role of AI and Blockchain technologies in reshaping the contours of HRM, underscored by the indispensable leadership and strategic stewardship of management. Through a judicious amalgam of innovative vision, prudent governance, and strategic execution, organizations can traverse the evolutionary trajectory of digital HRM transformation with alacrity, positioning themselves at the vanguard of organizational excellence in the digital era.