The concept of HR 4.0 is closely linked to the so-called Industry 4.0, or to the fourth major industrial revolution. HR 4.0 is a revolution in the area of Human Resources. In it, HR becomes more automated, focusing its activities on strategic issues and no longer on manual, bureaucratic, and repetitive actions. Innovative technologies like the Internet of Things, Big Data, and Artificial Intelligence are helping to automate most HR processes, resulting in more efficient and lean teams. Above all, state-of-the-art technology applications are transforming traditional HR into HR 4.0.
Now, let’s discuss the advantages of turbocharging HR in business and see what positive impacts it brings along:
· process optimization;
· error reduction and manual work;
· reduction of costs with labor and with materials (paper, computers, etc.);
· ease for the decision-making of managers and analysts;
· expansion of strategic power in people management;
· more likely to attract and retain the best talent on the market;
· ease for HR to contribute to increased productivity;
· possibilities of innovation in the area, etc.
Slowly and gradually organizations are adopting and welcoming the change that technology is bringing along and we should appreciate its effectiveness alongside.
-Ishita Dewan
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