The new reality of HR in the world's 4th Industrial Revolution

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

New technologies, though also demographic and social changes, are causing a profound transformation in companies in all industrial sectors. Digitization and automation bring new business models, as well as the replacement of tasks and creation of new ones for people. Professional profiles, work and ways of working change, since it is possible to adopt more flexible and diverse models depending on the needs of each worker.

This future presents great challenges in the field of human resources for companies. In order to show some clues, the World Economic Forum has published the white paper Shaping People Strategies in the Fourth Industrial Revolution. The study includes six strategies to be implemented within organizations to adapt to changes and maximize their potential. As stated in the report, the Human Resources departments themselves are in full transformation and must rethink their functions.

The first key is the development of a new leadership capable of adopting the right technologies and knowing the opportunities and risks of automation. As the study highlights, the lack of leadership in the adoption of technologies is one of the main barriers for more than half of companies and only 36% of HR managers have a clear idea of ​​how technologies are changing the job.

Together with this, it is also important to manage the integration of technologies in the workspace. The work carried out by people is being transformed and it is essential to achieve a combination between human resources and working machines. In this task, the management and the HR department are called upon, according to the report.

On the other hand, companies should pay special attention to the level of satisfaction and commitment of the employees. Automation and digitalization will impact how workers feel in relation to their work, an element that is key to the success of the company. In this sense, improving the work experience implies offering professional opportunities, ethical values ​​and an environment that facilitates productivity.

Another key that highlights the white paper is the promotion of continuous and personalized learning throughout the organization, as well as establishing ways to measure the human capital of the company and its impact on results. Finally, it is also important to promote greater diversity and inclusion within the workforce. As the report reflects, companies with an inclusive culture are 2 times more likely to achieve their financial goals, 6 times more likely to be innovative and 8 times more likely to improve their business results.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.