Artificial intelligence and human capital: A review

Abstract

Artificial Intelligence (AI) has primarily impacted the global human capital. The human capital has been elucidated, focusing on their developing relationship with AI. The complex facets of human capital, including aptitude, proficiency, and competence, have been examined in this review, concentrating on the intricate association between AI and human capital. A secondary data analysis was conducted for this study, incorporating 16 studies that were meticulously chosen from online search engines. Key search words such as "Human Capital and AI" and "AI and Human Resource Management" were employed for collecting the articles. Compelling data was extracted from these articles to uncover the linkage between AI and human capital. The study yielded both affirmative and negative outcomes following a thorough review of articles. The research identified major concerns associated with AI-powered HR processes concerning bias, fairness, privacy, and security. It underscores the urgency for incorporating responsible AI practices and harnessing the potential of AI while mitigating risks and ensuring equitable human capital development. The connection between AI and human capital provides an invaluable resource for researchers, practitioners, and policymakers navigating the evolving landscape of workforce development in an era of AI-driven innovation.