Abstract
In today’s global environment, sustainability and competitive advantage of companies depend mostly on their capability of adaptation to changing business requirements. The Fourth Industrial Revolution, driving from the advancements in new digital technologies known collectively as Industry 4.0, has been profoundly changing dynamics of most industries. Automation of business processes together with emergence of novel business models impose new digital skill requirements for workforce. Creating future workforce involves not only attracting and developing new talent needed, but also re-skilling current employees through training programs as well as re-designing work processes for reducing the skill mismatch between jobs and employees. This chapter examines how Industry 4.0 will alter the landscape for talent development.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Autor DH (2015) Why are there still so many jobs? The history and future of workplace automation. J Econ Perspect 29(3):3–30
Autor DH, Handel MJ (2013) Putting tasks to the test: human capital, job tasks, and wages. J Labor Econ 31(2):59–96
Autor DH, Levy F, Murnane RJ (2003) The skill content of recent technological change: an empirical explanation. Quart J Econ 118(4):1279–1333
Baruch, Y (2003) Transforming careers: from linear to multidirectional career paths organizational and individual perspectives. Career Dev Int 9(1):58–73
Becker BE, Huselid MA (2006) Strategic human resources management: where do we go from here? J Manag 32(6):898–925
Beechler S, Woodward I (2009) The global “war for talent”. J Int Manag 15:273–285
Berger T, Frey CB (2016) Did the computer revolution shift the fortunes of U.S. cities? Technology shocks and the geography of new jobs, Reg Sci Urban Econ 57:38–45
Brynjolfsson E, McAfee A (2011) Race against the machine: how the digital revolution is accelerating innovation, driving productivity, and irreversibly transforming employment and the economy. Digital Frontier Press, Lexington, Mass
Cann O (2015) 3 things millennials want from work. World Econ Forum Blog. https://agenda.weforum.org/2015/10/3-things-millennials-want-from-work. Accessed 25 Oct 2015
Cappelli P (2008) Talent on demand: managing talent in an age of uncertainty. Harvard Business School Publishing, Cambridge, MA
Carnevale A, Smith N, Melton, M (2011) STEM Science, engineering, technology and mathematics. Georgetown University Center on Education and the Workforce, Washington, D.C. http://cew.georgetown.edu/STEM. Accessed Oct 2011
Chambers EG, Foulon M, Handfield-Jones M, Hankin SM, Michaels EG (1998) The war for talent. The McKinsey Quarterly
Cisco (2011) The internet of things: how the next evolution of the internet is changing everything. White Paper, Cisco Internet Business Solutions Group (IBSG), April 2011
Collings D, Mellahi K (2009) Strategic talent management: a review and research agenda. Hum Resource Manag Rev:304–313
Conner KR, Prahalad CK (1996) A resource-based theory of the firm: knowledge vs. opportunism, organization science, 7:477–501. http://dx.doi.org/10.1287/orsc.7.5.477
Frey CB, Osborne MA (2013) The future of employment: how susceptible are jobs to computerisation? Oxford Martin School
Grundke R, Squicciarini M, Jamet S, Kalamova M (2017) Having the right mix: the role of skill bundles for comparative advantage and industry performance in GVCs. OECD Science, Technology and Industry Working Papers, OECD Publishing, Paris
Guthridge M, Komm A, Lawson E (2008) Making talent a strategic priority. McKinsey Quarterly, 4
Hill, C (2007) The post-scientific society, issues in science and technology fall. http://www.issues.org/24.1/c_hill.html
Huselid MA, Beatty RW, Becker BE (2005) “A players” or “A positions”? The strategic logic of workforce management. Harvard Bus Rev 83(12):110–117
ILO (2015) World employment social outlook: the changing nature of jobs
Khilji S, Tarique I, Schuler R (2015) Incorporating the macro view in global talent management. Hum Resource Manag Rev:236–248
Lepak DP, Snell SA (1999) The human resource architecture: toward a theory of human capital allocation and development. Acad Manag Rev 24(1):31–48
Linden G, Kraemer KL, Dedrick J (2007) Who captures value in a global innovation system? The case of Apple’s iPod. Irvine, CA: Personal Computing Industry Center. http://pcic.merage.uci.edu/papers/2009/InnovationAndJobCreation.pdf
McKinsey Global Institute (2017) A future that works: Automation, employment, and productivity. McKinsey & Company, January 2017
OECD (2016a) Forum 2016 Issues: the Future of Education, Available: http://www.oecd.org/forum/issues/forum-2016-issues-the-future-of-education.htm
OECD (2016b) Getting skills right: assessing and anticipating changing skill needs. OECD Publishing, Paris
Piore MJ (2002) Thirty years later: internal labor markets, flexibility and the new economy. J Manag Gov 6(4):271–279
PwC (2015) People strategy for the digital age—A new take on talent, PwC 18th Annual Global CEO Survey, 2015
Quintini, G (2014) Skills at work: how skills and their use matter in the labour market, OECD social, employment and Migration working papers, No. 158, OECD Publishing, Paris
Ulrich D, Smallwood N (2012) What is talent? Leader to Leader 63:55–61
World Economic Forum (2016a) The future of jobs report. Geneva, Switzerland, Cologny
World Economic Forum (2016b) Digital transformation of industries. Geneva, Switzerland, Cologny
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2018 Springer International Publishing Switzerland
About this chapter
Cite this chapter
Karacay, G. (2018). Talent Development for Industry 4.0. In: Industry 4.0: Managing The Digital Transformation. Springer Series in Advanced Manufacturing. Springer, Cham. https://doi.org/10.1007/978-3-319-57870-5_7
Download citation
DOI: https://doi.org/10.1007/978-3-319-57870-5_7
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-57869-9
Online ISBN: 978-3-319-57870-5
eBook Packages: EngineeringEngineering (R0)