THE FUTURE OF HUMAN RESOURCE MANAGEMENT: HR 4.0

Industry 4.0 has led to a significant transformation in the way businesses' approach manufacturing. Industry 4.0 affects every industry at every level. In the corporate setting, automation and other evolving technologies are changing dramatically the needs of organizations. In this process, business owners and managers will need to reassess their organizations' structure and redefine tasks that require human involvement. Industry 4.0 revolution has already reduced the human resources requirements of many businesses through automation. On the one hand this disruption affects every aspect of HR, on the other hand HR 4.0 gives an opportunity to create sustainable competitive advantages for companies. HR professionals will need to learn about digital technologies and use them to work more efficiently in order to be successful in this period. This paper aims to demonstrate how the industry 4.0 revolution affects human resources and human resource management practices