Convergence of Human Resources Technologies and Industry 5.0

Book excerpt: Through a combination of rapid technological advancement and the ongoing digital revolution, the role of Human Resources (HR) in shaping organizational trajectories has seen unprecedented growth. The amalgamation of digital HR technologies and the advent of Industry 5.0 pose both exceptional opportunities and formidable challenges, especially for developing economies grappling with resource constraints and skill gaps. These nations stand at a crossroads, where leveraging digital HR technologies becomes imperative for bolstering their competitive edge in the global arena. The book Convergence of Human Resources Technologies and Industry 5.0 undertakes a comprehensive exploration of the impacts, implementation, and repercussions of digital HR technologies within the framework of Industry 5.0 in developing economies. Bridging the gap between theory and practice, it employs a comprehensive approach encompassing theoretical frameworks, empirical investigations, and practical insights from both academia and industry. By offering tangible takeaways, and approaches, it equips readers to adeptly harness the power of digital HR technologies, enabling organizations to thrive in the era of Industry 5.0. Designed for HR professionals, executives, managers, researchers, policymakers, and students, this book delves into critical topics such as understanding the notion of Industry 5.0 in developing economies, exploring the transformative potential of digital HR technologies, and addressing challenges associated with their implementation.