Talent Management in the age of Industry 4.0
Everyone is talking about Industry 4.0 – the new age in production, where intelligent systems are networked via the Internet and coordinate value chain organization completely independent. Based on the technological concepts of cyber-physical systems, the Internet of Things and the Internet of Services, Industry 4.0 facilitates the vision of the Smart Factory.
This development will not be without impact on talent management processes. They have to be tighter, yet more flexible to reflect these new market dynamics and to ensure that employees are constantly aware of the latest developments:
- Cloud-based talent management solutions help companies due to respond more quickly to emerging trends
- The high technological demands in Industry 4.0 have immediate consequences for issues such as succession planning and strategic workforce development. Standardized processes create room for HR to respond to the individual needs of the target groups
- Software solutions give businesses the necessary cross-sectoral and holitic overview of talent
- Employees in the Industry 4.0 are in a permanent onboarding process in terms of new situations and content; meaning training must be adapted. The focus is on learning formats such as e-learning or social media platforms that make learning available anytime and anywhere
Industry 4.0 has an impact on the world of work, which cannot be foreseen in its entirety. But one thing is certain, the penetration of all living and working areas through the Internet will only increase in the future. Therefore, companies must now set the course and also raise their talent management to the next level.