THE IMPACT OF TECHNOLOGICAL ADVANCEMENTS IN THE ERA OF THE INDUSTRIAL REVOLUTION 4.0 ON HUMAN RESOURCES AND EMPLOYMENT IN THE LABOR MARKET

Abstract

The dynamics of Human Resources (HR) and employment in the labor market are critical topics as they directly influence economic growth and social stability of a nation. In the current global context, the adaptation and readiness of HR and the labor market to technological advancements determine their competitiveness. However, significant challenges remain, including skill mismatches, job displacement, and the demand for continuous learning. These issues underscore the urgency of addressing the impacts of technological evolution, particularly in the 4.0 Industrial Revolution era. The 4.0 Industrial Revolution introduces technologies such as automation and artificial intelligence that redefine workplace dynamics and reshape labor market structures (Schwab, 2016). These innovations bring opportunities for creating higher-quality jobs but simultaneously disrupt conventional employment models, posing challenges like skill mismatches and job displacement. This study examines the multifaceted impacts of technological advancements in the 4.0 Industrial Revolution on HR and the labor market, including their dual effects on traditional and emerging jobs. It also explores how the education and training system needs to transform to meet these new challenges, ensuring workforce readiness and resilience. By addressing these aspects, the research aims to provide actionable insights for sustainable growth in an increasingly digital economy.