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Analytical study of HRM practices in industry 5.0

Year: 2022

Type: conference-paper

Abstract: The industry 5.0 is the new revolution in which transition is going right now from industry 4.0. While industry 4.0 consisted of technological developments in the fields of data analytics, cyber physical systems and huge exposure to Artificial Intelligence, Machine Learning, IoT etc., Industry 5.0 is all about mass customisation or personalization of these existing technologies. While the world is going through this transition the current Human Resource Management of the organizations also has to go through this transition. The present research analyses certain factors affecting the HRM practises during this process. There are hypotheses formed on factors such as better performance, emotional intelligence, automation, and cross disciplinary workforce. The authors also try to propose certain possible and suitable suggestions based on analysis of these hypotheses towards smooth processing of the transition.

Source: IOP Conference Series Materials Science and Engineering

DOI: 10.1088/1757-899x/1259/1/012041

Authors: S D Ganer, S O Kediya, A K Suchak, S K Dey, G. Band

Institutions: Raisoni Group of Institutions, Institute of Chartered Financial Analysts of India

Language: English

Topic: AI and HR Technologies

Subfield: Organizational Behavior and Human Resource Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: diamond

OpenAlex ID: W4308024997

FWCI: 14.39

Cites: 17

Cited by: 22

Related to: 10