Employee empowerment is a management philosophy that focuses on allowing an organization's employees to make independent decisions and feel empowered to take action as they see fit. As the world undergoes transformative changes driven by advanced technologies the need for workforce reskilling and organizational adaptation becomes urgent as this is affecting many departments in the workplace such as Human resources and we see technological advancement such as salary and benefits AI negotiation agents coming into play.
AI agents are algorithms that are designed to negotiate salary and benefits on behalf of the employees. These systems use machine learning, natural language processes, and data analytics.AI negotiation agents are used mainly to transform traditional negotiation dynamics into employment contexts.
Empowered employees are self-motivated, proactive, and engaged in their work which leads to improved job satisfaction and better performance. The benefits of empowering employees with technology are that they gain the advantage of data-driven insights which leads to better negotiation outcomes than using personal decisions. They can use that information to find new and better ways of doing things leading to higher productivity and increased performance. Using technology can increase confidence in securing deals, AI systems also help in reducing bias and this promotes equity for example in salary and benefits, and helps to retain top talent.
Using technology to empower employers helps them to make data-driven decisions. Employers will receive information on compensation packages that help them attract top talent while adhering to the budget. Technology has revolutionized interviewing, it can streamline the hiring process reduce the time HR spends on individual cases, and standardize contract offerings. Through the use of technology, all employees are offered consistent packages which results in fairness and transparency in the organization.
Empowered employees are invaluable assets for any organization because they are willing to go above and beyond their job requirements to reach the company’s goals. Precise management and research consultancy have used some of the technologies in coming up with detailed salary and benefits reports for each sector present in the Zimbabwean market which can be used by organizations to remain competitive.