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Unlocking employer insights: Using large language models to explore human-centric aspects in the context of industry 5.0

Author

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  • Grybauskas, Andrius
  • Cárdenas-Rubio, Jeisson

Abstract

This paper aims to enhance the understanding of Industry 5.0 by introducing an innovative AI-based methodology that proficiently maps employer expressions related to well-being using job postings. This process involves creating a comprehensive dictionary of well-being expressions, which is then compared with existing academic literature. This approach facilitates empirical well-being analysis from employers’ perspectives. Bridging theoretical and practical realms, we offer valuable insights to academia and industry about well-being (human-centricity) interpretation by employers. The findings highlight UK employers’ prioritisation of self-realisation and a positive work atmosphere to attract job seekers. Nonetheless, many vacancies do not explicitly emphasise well-being to attract potential workers.

Suggested Citation

  • Grybauskas, Andrius & Cárdenas-Rubio, Jeisson, 2024. "Unlocking employer insights: Using large language models to explore human-centric aspects in the context of industry 5.0," Technological Forecasting and Social Change, Elsevier, vol. 208(C).
    • Handle: RePEc:eee:tefoso:v:208:y:2024:i:c:s0040162524005171
    DOI: 10.1016/j.techfore.2024.123719
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    More about this item

    Keywords

    Industry 5.0; Job vacancies; LLM; Well-being; Human-centricity;
    All these keywords.

    JEL classification:

    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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