Implementation of elements of the Industry 4.0 concept and its impact on employees in line with Human Resource Management in industrial organisations in Slovakia

Abstract

Every industrial revolution has brought efficiency and productivity gains, and it is the same with the fourth industrial revolution called Industry 4.0. Given the highly dynamic and competitive environment, company are forced to re-evaluate their processes and strategies. The development of modern society is unthinkable without a focus on advanced technologies, digitalisation and harnessing the potential of artificial intelligence. Based on current trends and the experience of previous industrial revolutions, it is clear that the impact of Industry 4.0 on the workforce is inevitable. Technological change brings with it not only threats but also opportunities that will not only displace people from jobs, but also bring new job opportunities that will require specific types of skills These realities will bring about changes in the labour market, the education system, the social system, and other areas of social life. Therefore, it is necessary to make changes in these areas and adapt them to new trends and challenges. The main aim of the paper is to identify the current state of implementation of Industry 4.0 technologies and related threats in industrial organisations in Slovakia from the employees' perspective.