EMPLOYEE PERCEPTION ON INDUSTRY 5.0 IMPACT ON HUMAN RESOURCE MANAGEMENT PRACTICES - AN EMPIRICAL STUDY
Kundurthi Venkata Satya Sri Kumar, Dr. V. Tulasi Das
Dept. of Human Resources Management, Acharya Nagarjuna University, Guntur-522510, A.P.
Abstract
If organizational performance is to be improved in today's fiercely competitive corporate environment, human resources are essential. Businesses need to concentrate on implementing innovative HR practices if they want to beat their competitors and boost performance. In the era of Industry 5.0, Human Resource Management is transforming from traditional HR approaches to more sophisticated ones involving automation, artificial intelligence, and robots. It has been demonstrated that AI can change our lives. Artificial Intelligence has the potential to alert both our personal and professional lives drastically. It can automate tedious and repetitive tasks while also enhancing and amplifying human expertise. For HR AI technologies enable us to effectively handle various human resources duties like recruitment, onboarding, offboarding, employee engagement, AI collaboration, performance management, career growth, key talent retention, employee self-service transactions, talent growth/learning & development, career development, employee engagement, rewards & recognition, payroll, culture surveys, and employee satisfaction as well as reduction of the workload of the HR team where automation ranging from the menial and time-consuming chores to the mechanization of human capabilities which enhances organizational performance and transform the way we work. It provides an intuitive work environment through automation and provides sufficient time to deliver an enhanced employee experience. It gives them adequate time to produce and improve staff output. The true issue today facing the corresponding HR department is how to retain and restructure their workforce to understand AI and work together and cooperatively with machines to compete with AI and sophisticated machines. In this context, we would like to through light on employee perception and the impact on HR practices, the records were analyzed, findings were identified, and suggestions were recommended.
Keywords: Employee Perception, Artificial Intelligence, Workforce Performance, Automation, Man-Machine Collaboration.
Journal Name :
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EPRA International Journal of Economic and Business Review(JEBR)
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Published on : 2024-08-13
Vol | : | 12 |
Issue | : | 8 |
Month | : | August |
Year | : | 2024 |