Key Points
That's according to Workday, one of the world's largest providers of HR software..
The firm in September rolled out a bevy of new products that rely on artificial intelligence to write job descriptions or aid managers in writing up annual reviews of workers' performance...
Banks have expressed interest in those products, according to Carl Eschenbach, co-chief executive officer of Workday..
"You have 100 employees and it takes seven hours to write a job description, so 700 hours," Eschenbach said, using a hypothetical example during an interview with Bloomberg at a Workday conference in Barcelona..
With a market capitalization of more than $60 billion, Workday makes human resources software that help companies with everything from maintaining payroll, tracking expenses, monitoring employee absences and managing job candidates...
