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Smart work: The transformation of the labour market due to the fourth industrial revolution (I4.0)

Author

Listed:
  • Birgit Eberhard

    (FH Joanneum, Austria, Werk-VI-Straße 46, 8605, Kapfenberg, Austria)

  • Mickael Podio

    (FH Joanneum, Austria, Werk-VI-Straße 46, 8605, Kapfenberg, Austria)

  • Azucena Pérez Alonso

    (FH Joanneum, Austria, Werk-VI-Straße 46, 8605, Kapfenberg, Austria)

  • Evita Radovica

    (BA School of Business and Finance, Kr. Valdemara 161, LV-1013, Riga, Latvia)

  • Lidija Avotina

    (BA School of Business and Finance, Kr. Valdemara 161, LV-1013, Riga, Latvia)

  • Liga Peiseniece

    (BA School of Business and Finance, Kr. Valdemara 161, LV-1013, Riga, Latvia)

  • Maria Caamaño Sendon

    (Universitat de Girona, Campus Montilivi --C/ Universitat núm. 10, 17003 Girona, Spain)

  • Alison Gonzales Lozano

    (Universitat de Girona, Campus Montilivi --C/ Universitat núm. 10, 17003 Girona, Spain)

  • Joan Solé-Pla

    (Universitat de Girona, Campus Montilivi --C/ Universitat núm. 10, 17003 Girona, Spain)

Abstract

Purpose - This article explores how the fourth industrial revolution is transforming the labour market by demanding new professional skills and by digitalizing jobs done by the human resources of companies. A further aim is to postulate on new professions which will, in the future, be in high demand and the skills that will be required to fulfill those job non-robotized profiles. Design/methodology/approach: The proposed methodology is, firstly, an analysis of the impact of digitalization on the labor market in those economies experiencing the digital revolution. Secondly, an expert survey of university professors is conducted and curricula of universities are evaluated in order to analyze if higher education institutions are aware of future digital trends and what measures and teaching methods professors use to prepare their students to encounter these trends. Findings: Based on the results, future jobs of highly demand will be described, as will the skill sets needed to fulfill those jobs. Furthermore, a call of action to the higher education sector will be made to encourage universities to prepare future graduates for a new labor market reality. Research limitations/implications: The results of the research are expected to serve as a reflection on how the digital revolution is transforming the labor market and how universities can support students in order to enhance their employability. Conversely, an analysis of jobs that are expected to be in demand in the near future – new occupations will appear and some will slowly disappear as they become automated – will encourage students to better prepare themselves for their professional careers and give them a clearer perspective about the labor market they will work in, upon completion of their education. Originality/value: The skills portfolio, introduced by the authors of the present article, shall support universities and professors with future adaptions.

Suggested Citation

  • Birgit Eberhard & Mickael Podio & Azucena Pérez Alonso & Evita Radovica & Lidija Avotina & Liga Peiseniece & Maria Caamaño Sendon & Alison Gonzales Lozano & Joan Solé-Pla, 2017. "Smart work: The transformation of the labour market due to the fourth industrial revolution (I4.0)," International Journal of Business and Economic Sciences Applied Research (IJBESAR), International Hellenic University (IHU), Kavala Campus, Greece (formerly Eastern Macedonia and Thrace Institute of Technology - EMaTTech), vol. 10(3), pages 47-66, September.
    • Handle: RePEc:tei:journl:v:10:y:2017:i:3:p:47-66
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    Citations

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    Cited by:

    1. Serpil ÇİĞDEM, 2019. "Endüstri 4.0 ve Dijital Emek Platformlarının İnsana Yakışır İş Bağlamında Değerlendirilmesi," Journal of Social Policy Conferences, Istanbul University, Faculty of Economics, vol. 0(77), pages 157-199, December.
    2. Rama Iyer, Subramanian & Sankaran, Harikumar & Walsh, Steve T., 2020. "Influence of Director Expertise on Capital Structure and Cash Holdings in High-Tech Firms," Technological Forecasting and Social Change, Elsevier, vol. 158(C).
    3. Ratneswary Rasiah & Jason J Turner & Yew Foo HO, 2019. "The Impact of Emotional Intelligence on Work Performance: Perceptions and Reflections from Academics in Malaysian Higher EducationObitat endiaest que," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 13(3), September.
    4. Alan Stone & Nicholas Harkiolakis, 2022. "Technology Boom(ers): How US Multinational Technology Companies Are Preparing for an Ageing Workforce," Administrative Sciences, MDPI, vol. 12(3), pages 1-14, July.
    5. Señoret, Andrés & Ramirez, Maria Inés & Rehner, Johannes, 2022. "Employment and sustainability: The relation between precarious work and spatial inequality in the neoliberal city," World Development, Elsevier, vol. 153(C).
    6. Leos Safar & Jakub Sopko & Darya Dancakova & Manuel Woschank, 2020. "Industry 4.0—Awareness in South India," Sustainability, MDPI, vol. 12(8), pages 1-18, April.
    7. Onoriode Collins POTOKRI, 2022. "Positioning African Women for the Fourth Industrial Revolution (4IR) Era: Insights for Women Students," Prizren Social Science Journal, SHIKS, vol. 6(1), pages 84-94, April.
    8. Atobishi Thabit & Nosratabadi Saeed, 2023. "Drivers and Constraints of Employee Satisfaction with Remote Work: An Empirical Analysis," Organizacija, Sciendo, vol. 56(2), pages 93-105, May.
    9. Lucio Cappelli & Antonella Pisano & Enrica Iannucci & Patrizia Papetti & Fabrizio D'Ascenzo & Roberto Ruggieri, 2024. "Digitalization and prevention of corruption: Opportunities and risks—Some evidence from the Italian university system," Business Strategy and the Environment, Wiley Blackwell, vol. 33(1), pages 81-94, January.
    10. Jacqueline Brassey & Arjen van Witteloostuijn & Csaba Huszka & Tobias Silberzahn & Nick van Dam, 2020. "Emotional flexibility and general self-efficacy: A pilot training intervention study with knowledge workers," PLOS ONE, Public Library of Science, vol. 15(10), pages 1-21, October.
    11. Andreja Mihailović & Julija Cerović Smolović & Ivan Radević & Neli Rašović & Nikola Martinović, 2021. "COVID-19 and Beyond: Employee Perceptions of the Efficiency of Teleworking and Its Cybersecurity Implications," Sustainability, MDPI, vol. 13(12), pages 1-26, June.
    12. Bulelwa Makena & Bunmi Isaiah Omodan, 2022. "Digital influences on academic attainment: A case of one secondary school in a rural Education District," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(4), pages 342-347, June.
    13. Su, Chi-Wei & Yuan, Xi & Umar, Muhammad & Lobonţ, Oana-Ramona, 2022. "Does technological innovation bring destruction or creation to the labor market?," Technology in Society, Elsevier, vol. 68(C).

    More about this item

    Keywords

    Smart Work; Digitalization; Employment Market; Job Skills; Workforce Strategy; Industry 4.0;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education

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