HUMAN RESOURCES BETWEEN THE OPPORTUNITIES AND THREATS OF NEW INDUSTRIAL REVOLUTION CONTEXT: A LITERATURE REVIEW

Abstract

The threat of job cuts with human input in the context of the digital technology revolution has emerged in recent years as a result of the labor crisis. The current research starts from the question of how to define the problem, which can be the natural reduction factor of labor force or indeed the new industrial revolution has changed the paradigm and caused a radical change in the typology of industrial activities and jobs. For this reason, the literature survey has set itself the objective of scattering the environment through a SWOT diagram, in which human resources are considered the main assets of an organization, and the major threat is considered the loss of jobs for the human factor. The analysis steps followed the manifestation of social, technological, economic, ecological and political (STEEP) factors within Industry 4.0 and Industry 5.0 with impact onto the human capital associated with the social factor. In this regard, the main characteristics (definitions), operating principles and basic concepts of the industrial revolutions I 4.0 and I5.0 have been reviewed in order to understand the key points of the I 4.0 and I 5.0. The researching methodology approached also critical concepts, among them the theory of the asymmetries I.4.0 and several other academics inputs which explained the transition from stage I4.0 to I5.0 and have been considered for future researching directions. The main conclusion showed a clear determination relationship between the actual environment industrial context of I4.0-I5.0 over the Human Resources which shall be demonstrated through related academic research and environmental results provided from case studies.