Innovations and Challenges in Human Resource Management for HR4.0

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"To sustain competitiveness in today's highly local and global markets, an organization needs to excel in all its key dimensions. The world is facing a new industrial era marked by digitalization in various multidimensional sectors; experts call it Industry 4.0. Humans are slowly but steadily being replaced by mechanical automation and technological digitalization in driving the economy. The potential benefits of Industry 4.0 are improving the speed of production flexibility, improving service to customers and increasing revenue. Challenges in human resources management include strengthening the management system and processes of an organization to improve performance and create value for stakeholders. Innovations and Challenges in Human Resource Management for HR4.0 helps to convey the importance of "HR4.0" in all aspects of business, not just product and process quality. It is about achieving excellence in everything that an organization does, and most importantly achieving superior business results. This book provides international insights to manage business performance improvements and companies' value creation dynamics. Readers will learn how to use multi-functional area tools, techniques, innovative frameworks, practices and approaches for understanding, assessing and managing the strategic value drivers of business excellence. This book provides a rich repertoire of tools and techniques across business functions researched, tested and validated in various business settings, and provides a new stream of thoughts by a few fine researchers in the domain of business management"--

Author(s): Anita Gehlot, Ravindra Sharma, Rajesh Singh, Geeta Rana
Series: Business Issues, Competition and Entrepreneurship
Publisher: Nova Science Publishers
Year: 2021

Language: English
Pages: 351
City: New York

Contents
Preface
Acknowledgments
Chapter 1
Challenges to HR 4.0 in Global Business Scenario
Abstract
Introduction
The Human Resource Functions
Procurement
Development
Compensation
Integrate
Maintain
Human Resource 4.0
Differences between Traditional HR and HR 4.0
How Technology Is Altering Human Resource Department
Landscape of a Human Resource Department
HR Strategy
Culture
Change Management
Metrics and Analytics
HR Operations
HR Structure
Policies, Procedures and Compliance
Employee Relations
Employee Communications
HR Engagement
Engagement Strategy
Engagement Action Plans
Compensation to Employees
Benefits
Recognition
Performance Management
Performance Appraisal
Coaching
Goal Setting
Learning and Development
On Boarding
Employee Development
Management Development
Talent Acquisition
Candidate Sourcing
Internal Mobility
Assessment of Candidate
Talent Management
Workforce Planning
Talent Assessment
Succession Planning
How HR Executives Can Prepare for Their Rapidly Changing Roles
Develop an AI Ethics Strategy
Rethink on Developing the Skills of Employees
Have a Strategy to Maintain Internal Transparency
Realign the Role of Managers
Use Technologies Such as AI to Create Access to Jobs
Conclusion
References
Chapter 2
Knowledge Management Practices for Employer Branding
Abstract
Introduction
Knowledge Management Background
Knowledge Asset
Knowledge and Information
Forms of Knowledge
Tacit Knowledge
Tacit Knowledge Sharing
Explicit Knowledge
Significance of KM
Drivers for KM Application
Knowledge Management Process
Knowledge Capture
Knowledge Codification
Cognitive Mapping
Decision Trees
Knowledge Sharing
Challenges in Knowledge Sharing
Management Level
Organizational Level
Knowledge Sharing Stimulators
Knowledge Application
Knowledge Conversion
Knowledge Management Tools
Knowledge Creation Tools
Knowledge Sharing and Dissemination Tools
KM Strategy
Knowledge Management Facilitating Employer Branding
Employer Knowledge Creation
Employer Knowledge Dissemination
Employer Knowledge Application
Conclusion
References
Chapter 3
Industry 4.0 Impact on Human Resource Management
Abstract
Introduction
Emerging Issues for HR
Workplace Changes
The Gig Economy
Virtual Teams
Employee Engagement
HR Analytics
Artificial Intelligence in HR
AR and VR
Smart Workplaces
Digitization
Workplace Harassment
Conclusion
References
Chapter 4
An Overview of EVP (Employee Value Proposition)
Abstract
1. Introduction
2. Literature Review
3. Objective of the Study
3.1. To Study the Concept and Components of Employee Value Proposition
3.1.1. Components of Employee Value Proposition
3.2. To Study the Development of Employee Value Proposition
3.2.1. Objectives for Formalizing the Employee Value Proposition
3.2.2. How to Harness the Power of Your Employee Value Proposition
3.2.3. How to Promote Your Employee Value Proposition
3.2.4. Employee Tributes, Company and Group Online Journals, Company Recordings and Videos
3.3. To Study the Drawback and Challenges of EVP
3.3.1. Challenges
Conclusion
References
Chapter 5
Enhancing the Employee Experience in Industry 4.0
Abstract
1. Introduction
2. Review of Literature
3. Objectives
4. Hypothesis
5. Analysis and Hypothesis Testing Based on Meta-Analysis Technique
5.1. Introduction to Meta-Analysis
5.2. Assumptions of Meta-Analysis
5.3. Meta-Analysis Model
6. Conclusion
7. Application and Future Scope of Research
References
Chapter 6
Contemporary Issues of Employer Branding in India
Abstract
1. Introduction
1.1. Relationship between Employer Branding and Economy of a Business
1.2. Learning Curve and Employers Branding
2. Review of Literature
3. Indian Scenario in Job Market
4. Why We Need Employer Branding in India
5. Demand of Human Resource in Indian Market
5.1. Entrepreneurship Development Programs
5.2. Employment Generation Programmes
5.3. Skill Development Programs
5.4. Liberal Foreign Trade Policy
6. Impact of Bad Employer Branding
7. Steps of Employer Branding
Conclusion
References
Websites
Chapter 7
Application of Cloud Computing in Businesses
Abstract
Introduction
Cloud Computing
Advantages of Cloud Computing
Large Scale Data Intensive Applications
Benefit from Massive Economies of Scale
Trade Investment Overhead for Variable Expense
Stop Spending Money on Data Centers
Scalability
Global Access
Customize Resources as Current Need
Enhance Speed and Availability
Maintenance
3-4-5 Principles of Cloud Computing
The Three Service Models are
The Four Cloud Models are
The Five Essential Characteristics are
Cloud Computing and Business
MNCs and Cloud Computing
Smart Manufacturing Model for Industry 4.0 with Cloud Computing
Case Study: Amazon Web Services
AWS Solutions
Conclusion
References
Chapter 8
A Study to Comprehend Indian Pharma 4.0 from Incubation to Innovation
Abstract
Introduction
Objectives
India amid COVID-19
Prototype Developments
Data Driven Improvement Cycle Approach
Technological Disruptions in Pharma 4.0
Strategic Promotional Practices for Pharma 4.0
Discussion
Implications
Conclusion
References
Chapter 9
Training Needs Identification and Evaluating Its Effectiveness in India Private Sector
Abstract
Introduction
What is Training Need Assessment?
TypeS of Need Analysis
Evaluating Training Effectiveness
Levels of Evaluation
A. The Kirkpatrick Approach
B. The CIRO Approach
C. The Bell System Approach
Training Evaluation Model
Present Study
Profile of the Sample Organization
Training Practice at “Different Private Sector”
Research Methodology
Response to the Questionnaire
Data Analysis
Implications
What can Training Do for Employees?
Conclusion
Annexure 1
References
Chapter 10
E-Governance Catalysing Quality and Effectiveness of Educational Institutional Brand
Abstract
Introduction
Theoretical Background
E-governance and Punctuality
E-Governance and Quality Teaching and Learning
E-Governance and Branding
Methodology
Objectives
Sample of the Study
Tools
Statistical Techniques
Result and Discussion
Conclusion
Practical Implication
Future Research
Limitation of the Study
Recommendations
References
Chapter 11
Employer Branding: Strategies to Attract and Retain Talent in Academic with Special Focus on Private Higher Educational Institutions (PHEIs)
Abstract
History of the Chapter
Background and Problematization
Evolution of the Concept of Employer Branding
Branding
Employer Branding
Employer Branding Process
Outcomes of Employer Branding
Introduction
Exploration Motive
Utilitarian and Symbolic Benefits
Captivate Best Ability
Maintaining Supreme Ability
Organisation Branding Strategies
i. Developing a Thoughtful Recruitment Strategy
ii. Ensuring Fit for the Job
iii. Communication Strategy
iv. Ensuring Work-Life Balance
v. Demonstrating Organizational Values through Concrete Actions
Conclusion
References
Chapter 12
Overview of Employer Branding
Abstract
Introduction
Designing an Employer Branding Strategy
Importance of Employer Branding
Steps to Develop a Strong Employer Brand
Steps to Improve Employer Brand
References
Chapter 13
HR 4.0 Case Studies
Abstract
Introduction
Immersive Technology at Deutsche Bahn
Recruitment Reinvented at L’OrÉal
Alexa at Marriott
Scaling Hiring at Lyft
The Pros and Cons of Technology in HR
Conclusion
References
About the Editors
Index
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