The new talent management challenges of Industry 4.0

By Z. Whysall, M. Owtram, S. Brittain. Journal of Management Development, 2019

212 citations recorded by the source corpus.

Purpose The transformational changes to business environments brought about by the fourth industrial revolution create a perfect storm for strategic human resource management, prompting a need to explore the implications of this context for talent management theory and practice. The paper aims to discuss these issues. Design/methodology/approach In-depth interviews were conducted with HR directors and senior leaders within engineering-led organisations to explore current challenges experienced across each stage of the talent pipeline: attraction and recruitment, training and development, career development, talent mobility and succession planning. Findings The speed of technological change brought about by Industry 4.0 had created a significant gap between current capability of employees and the rapidly evolving requirements of their roles, prompting a need to consider new and more effective approaches to talent development. Middle managers are increasingly recognised as overlooked critical talent within this context of unprecedented change, given their essential role in change management. In addition, whilst lateral hiring remains a common talent management practice, in the case of Industry 4.0 this equates to fighting a war for talent that does not exist. Practical implications This study suggests that there is a need for evolution of talent management theory and practice towards a more dynamic, systems-thinking orientation, acknowledging the interrelated nature of different talent management activities. Originality/value This paper provides an in-depth insight into the impact of the unprecedented change brought about by Industry 4.0 on contemporary talent management practice, considering how theory and practice might need to evolve to enable individuals and organisations to keep up with the rate of technological change.

Subfields: Economics and Econometrics, Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/5ee147c19715328da0da819f724335ba3c7a1687

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Citations in the corpus

• Review of the Construction Labour Demand and Shortages in the EU (2021, background): “A study [27], aiming to present transformational changes to business environments brought by the 4IR, concluded that gap the between current capabilities of employees on the market and the evolving requirements of their roles is deepening, resulting in loop of demand for the workforce on a deficient”