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Evolution of the Labor Market and Competency Requirements in Industry 4.0 versus the Covid-19 Pandemic

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  • Aleksandra Sus
  • Bartosz Sylwestrzak

Abstract

Purpose: In the run-up to the disruptions to the economic closure due to the dangers of a global pandemic, the labor market situation developed to the benefit of jobseekers. Thus, 2019 was assessed as the employee market. However, changes in the labor market take place in real time and, as it turns out, meeting them is not only difficult due to the reaction time, but above all due to their intensity. The aim of the article is to present changes in the labor market caused by the SARS-CoV-2 virus pandemic in relation to the evolution of individual sectors towards economy 4.0. Design/Methodology/Approach: To achieve the main goal of the article, theoretical literature review was chosen, in particular argumentative review, which could introduce problems, but certainly constitute the introduction to in-depth research, also empirical. Findings: The article consists of 3 parts. In the first of them, the theoretical definition of the category of competences was made - which is an introduction to considerations of a utilitarian nature. The second part defines what types of competences accompanied the classical labor market. The third part focuses on identifying possible directions of employee competency development, including defining the range of necessary competences resulting from a) the need to adapt to market changes as a result of the pandemic, and b) the evolution of individual sectors towards the 4.0 economy. Practical Implications: They focus on highlighting significant changes that have already begun in the labor market, and the consequences of which will be long-term. These changes relate to the competency requirements of employees of various industries, and thus the phasing out of those sectors of activity that will no longer be crucial for civilization in the future. The forecasts contained in the study are speculative, but nevertheless result from the observation of historical and contemporary changes, in terms of organizations and world economies. Originality/value: In the article we propose an original set of competencies, which are crucial for the emerging new professions that respond to Industry 4.0 and which have been catalyzed by the global SARS-CoV-2 pandemic.

Suggested Citation

  • Aleksandra Sus & Bartosz Sylwestrzak, 2021. "Evolution of the Labor Market and Competency Requirements in Industry 4.0 versus the Covid-19 Pandemic," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 494-506.
    • Handle: RePEc:ers:journl:v:xxiv:y:2021:i:1:p:494-506
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    References listed on IDEAS

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    1. Kathleen M. Eisenhardt & Jeffrey A. Martin, 2000. "Dynamic capabilities: what are they?," Strategic Management Journal, Wiley Blackwell, vol. 21(10‐11), pages 1105-1121, October.
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    Cited by:

    1. Mieczysław Adamowicz, 2022. "COVID-19 Pandemic as a Change Factor in the Labour Market in Poland," Sustainability, MDPI, vol. 14(15), pages 1-21, July.
    2. Sviatlana Adashkevich, 2021. "Agro-Industrial Complex in the Economic Policy on Belarus," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 800-810.
    3. Anna Tokarz-Kocik & Anna Bera & Karolina Drela & Agnieszka Malkowska, 2023. "The Impact of the COVID-19 Pandemic on the Labour Market in the Hotel Industry: Selected Conditions in Poland," Sustainability, MDPI, vol. 15(6), pages 1-15, March.
    4. Joanna Holub-Iwan & Teresa Kupczyk & Grzegorz Debita & Piotr Rupa, 2021. "Leadership and Effectiveness of Incubation of Start-Ups: Research Scheme for Next Generation Stage Gate," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 797-818.

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    More about this item

    Keywords

    Professional competences; economy 4.0; Covid-19 pandemic; labor market.;
    All these keywords.

    JEL classification:

    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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