IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i14p8727-d864395.html
   My bibliography  Save this article

Transformation of the Concept of Talent Management in the Era of the Fourth Industrial Revolution as the Basis for Sustainable Development

Author

Listed:
  • Artem Stopochkin

    (Department of Enterprise Management, E-Business and Electronic Economy, Faculty of Economics and Management, Opole University of Technology, 45-758 Opole, Poland)

  • Inessa Sytnik

    (Department of Enterprise Management, E-Business and Electronic Economy, Faculty of Economics and Management, Opole University of Technology, 45-758 Opole, Poland)

  • Janusz Wielki

    (Department of Enterprise Management, E-Business and Electronic Economy, Faculty of Economics and Management, Opole University of Technology, 45-758 Opole, Poland)

  • Elżbieta Karaś

    (Department of Enterprise Management, E-Business and Electronic Economy, Faculty of Economics and Management, Opole University of Technology, 45-758 Opole, Poland)

Abstract

The Fourth Industrial Revolution is an objective result of technological progress, which will radically change the traditional ways of doing business. This will also contribute to radical changes in the human’s role in the labour market. Employees with high qualifications and developed social-behavioural skills will experience high demand in the labour market, and a consequence of this will be necessary transformations of the talent management concept. This study aims to demonstrate the need to change the talent management concept in the era of the Fourth Industrial Revolution. The conducted research is based on the analysis of statistical data regarding labour productivity in the economic system EC-27. Economic and mathematical modelling techniques have been used for the analysis of selected statistical indicators (places of convergence and divergence, places of growth, declining and side trend have been found). As a result of the studies performed, a method of calculating the original Index the lack of talents in the economic system. The results of the completed research demonstrate: on the one hand, on the market, there is a shortage of talent and a transformation of the labour market is required for organizational and technological reasons; on the other hand, the Fourth Industrial Revolution and the accompanying transformation of economic processes create new requirements for human resources. In such conditions, the role of human capital development process management increases significantly, and the necessary transformation of the talent management concept is increasingly becoming a key element that directly determines the sustainable development of social and economic systems. The transition to this concept should proceed through modern technologies and digital solutions, pursuing the main goal, being to provide a continuous process of not only searching for talents but also creating talents by delivering knowledge and forming skills as required by technological progress.

Suggested Citation

  • Artem Stopochkin & Inessa Sytnik & Janusz Wielki & Elżbieta Karaś, 2022. "Transformation of the Concept of Talent Management in the Era of the Fourth Industrial Revolution as the Basis for Sustainable Development," Sustainability, MDPI, vol. 14(14), pages 1-18, July.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:14:p:8727-:d:864395
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/14/8727/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/14/14/8727/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Keun Lee & Franco Malerba & Annalisa Primi, 2020. "The fourth industrial revolution, changing global value chains and industrial upgrading in emerging economies," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 23(4), pages 359-370, October.
    2. Elżbieta Jędrych & Dariusz Klimek & Agnieszka Rzepka, 2021. "Principles of Sustainable Management of Energy Companies: The Case of Poland," Energies, MDPI, vol. 14(8), pages 1-18, April.
    3. Riham Al Aina & Tarik Atan, 2020. "The Impact of Implementing Talent Management Practices on Sustainable Organizational Performance," Sustainability, MDPI, vol. 12(20), pages 1-21, October.
    4. Alessandro Muscio & Andrea Ciffolilli, 2020. "What drives the capacity to integrate Industry 4.0 technologies? Evidence from European R&D projects," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 29(2), pages 169-183, February.
    5. Petre Prisecaru, 2016. "Challenges of the Fourth Industrial Revolution," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 8(1), pages 57-62, March.
    6. Guilherme Luz Tortorella & Ninad Pradhan & Enrique Macias de Anda & Samuel Trevino Martinez & Rupy Sawhney & Maneesh Kumar, 2020. "Designing lean value streams in the fourth industrial revolution era: proposition of technology-integrated guidelines," International Journal of Production Research, Taylor & Francis Journals, vol. 58(16), pages 5020-5033, July.
    7. Daniel Garrote Sanchez & Nicolas Gomez Parra & Caglar Ozden & Bob Rijkers, 2020. "Which Jobs Are Most Vulnerable to COVID-19? What an Analysis of the European Union Reveals," World Bank Publications - Reports 33737, The World Bank Group.
    8. Julian Marius Müller & Daniel Kiel & Kai-Ingo Voigt, 2018. "What Drives the Implementation of Industry 4.0? The Role of Opportunities and Challenges in the Context of Sustainability," Sustainability, MDPI, vol. 10(1), pages 1-24, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. John Mugambwa Serumaga-Zake & John Andrew van der Poll, 2021. "Addressing the Impact of Fourth Industrial Revolution on South African Manufacturing Small and Medium Enterprises (SMEs)," Sustainability, MDPI, vol. 13(21), pages 1-31, October.
    2. Enrique García R & Alvaro Mendez, 2021. "Mañana Today: A Long View of Economic Value Creation in Latin America," Global Policy, London School of Economics and Political Science, vol. 12(3), pages 410-413, May.
    3. Maria Polorecka & Jozef Kubas & Pavel Danihelka & Katarina Petrlova & Katarina Repkova Stofkova & Katarina Buganova, 2021. "Use of Software on Modeling Hazardous Substance Release as a Support Tool for Crisis Management," Sustainability, MDPI, vol. 13(1), pages 1-15, January.
    4. Wunhong Su & Liuzhen Zhang & Chao Ge & Shuai Chen, 2022. "Association between Internal Control and Sustainability: A Literature Review Based on the SOX Act Framework," Sustainability, MDPI, vol. 14(15), pages 1-30, August.
    5. Christoph March & Ina Schieferdecker, 2021. "Technological Sovereignty as Ability, Not Autarky," CESifo Working Paper Series 9139, CESifo.
    6. Srivastava, Deepak Kumar & Kumar, Vikas & Ekren, Banu Yetkin & Upadhyay, Arvind & Tyagi, Mrinal & Kumari, Archana, 2022. "Adopting Industry 4.0 by leveraging organisational factors," Technological Forecasting and Social Change, Elsevier, vol. 176(C).
    7. Menti, Federica & Romero, David & Jacobsen, Peter, 2023. "A technology assessment and implementation model for evaluating socio-cultural and technical factors for the successful deployment of Logistics 4.0 technologies," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    8. Bueno, Adauto & Goyannes Gusmão Caiado, Rodrigo & Guedes de Oliveira, Thaís Lopes & Scavarda, Luiz Felipe & Filho, Moacir Godinho & Tortorella, Guilherme Luz, 2023. "Lean 4.0 implementation framework: Proposition using a multi-method research approach," International Journal of Production Economics, Elsevier, vol. 264(C).
    9. Elias G. Carayannis & David F. J. Campbell, 2021. "Democracy of Climate and Climate for Democracy: the Evolution of Quadruple and Quintuple Helix Innovation Systems," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(4), pages 2050-2082, December.
    10. Nuchjarin Intalar & Yasushi Ueki & Chawalit Jeenanunta, 2024. "Enhancing Competitiveness: Driving and Facilitating Factors for Industry 4.0 Adoption in Thai Manufacturing," Economies, MDPI, vol. 12(8), pages 1-23, August.
    11. Fredrick Betuel Sawe & Anil Kumar & Jose Arturo Garza‐Reyes & Rohit Agrawal, 2021. "Assessing people‐driven factors for circular economy practices in small and medium‐sized enterprise supply chains: Business strategies and environmental perspectives," Business Strategy and the Environment, Wiley Blackwell, vol. 30(7), pages 2951-2965, November.
    12. Artur Pollak & Agata Hilarowicz & Maciej Walczak & Damian Gąsiorek, 2020. "A Framework of Action for Implementation of Industry 4.0. an Empirically Based Research," Sustainability, MDPI, vol. 12(14), pages 1-16, July.
    13. Olumide Emmanuel Oluyisola & Fabio Sgarbossa & Jan Ola Strandhagen, 2020. "Smart Production Planning and Control: Concept, Use-Cases and Sustainability Implications," Sustainability, MDPI, vol. 12(9), pages 1-29, May.
    14. Khalid Rasheed Memon & Say Keat Ooi & Heesup Han, 2024. "Responsible innovation and corporate sustainability performance: A structural equation modeling‐neural network approach," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 2712-2730, May.
    15. Jianfeng Meng & Majid Murad & Cai Li & Ayesha Bakhtawar & Sheikh Farhan Ashraf, 2022. "Green Lifestyle: A Tie between Green Human Resource Management Practices and Green Organizational Citizenship Behavior," Sustainability, MDPI, vol. 15(1), pages 1-19, December.
    16. Du, Juntao & Shen, Zhiyang & Song, Malin & Zhang, Linda, 2023. "Nexus between digital transformation and energy technology innovation: An empirical test of A-share listed enterprises," Energy Economics, Elsevier, vol. 120(C).
    17. Veronika Bikse & Liva Grinevica & Baiba Rivza & Peteris Rivza, 2022. "Consequences and Challenges of the Fourth Industrial Revolution and the Impact on the Development of Employability Skills," Sustainability, MDPI, vol. 14(12), pages 1-23, June.
    18. Cristian Barra & Nazzareno Ruggiero, 2022. "How do dimensions of institutional quality improve Italian regional innovation system efficiency? The Knowledge production function using SFA," Journal of Evolutionary Economics, Springer, vol. 32(2), pages 591-642, April.
    19. Amal Alnamrouti & Husam Rjoub & Hale Ozgit, 2022. "Do Strategic Human Resources and Artificial Intelligence Help to Make Organisations More Sustainable? Evidence from Non-Governmental Organisations," Sustainability, MDPI, vol. 14(12), pages 1-23, June.
    20. Ana Teresa Tavares-Lehmann & Celeste Varum, 2021. "Industry 4.0 and Sustainability: A Bibliometric Literature Review," Sustainability, MDPI, vol. 13(6), pages 1-15, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:14:p:8727-:d:864395. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.