Human resource management in the age of industry 4.0

Abstract

Organisations in the 21st century face a number of new challenges. Not only is the pace of environmental change is increasing, but the environment itself is becoming more complex. Moreover, in addition to the material world, with the advent of Industry 4.0, cyberspace has also become a scene of competition between companies. Additionally, most organisations have to serve such a wide range of employee expectations that a manager on his/her own is no longer able to manage employees individually, and it is difficult to imagine creating systems that are regulated and people-centered, structured and flexible at the same time corresponding to the very complexity of the needs. Responding to the challenges requires that the organisation somewhat divides the burdens that was often placed exclusively on managers between the manager and the human resource unit (department, group, HR manager). In this sense, in modern organisations, not only the leader (group of leaders) but also the organisation’s human resource management practice of recruiting, selecting, evaluating, and rewarding / developing organisational members is the key to corporate success.