THE INFLUENCE OF INDUSTRY 4.0 ON HUMAN RESOURCES MANAGEMENT

Although the term industry 4.0 is represented worldwide, till today there is no generic and common understanding in terms of assessing the Industry 4.0 readiness for organization. It is a new concept, e.g. new reality of the modern economy, because innovation and technological development play crucial roles in each organization. Industry 4.0 significantly changes product and production systems, concerning the design, processes, operations and services. The purpose of this paper is to identify its influence on human resource management and is based on secondary data, because the implementation of this concept has further consequences for management and future jobs through creating new business models.