Abstract:
Managing a successful transition to a new world of work
will require significant and well-coordinated efforts by both the
public and private sectors. While governments will need to
update education and labour policies, provide more support
for reskilling and upskilling, and enhance social protection to
help workers successfully manage their transition, business es will also have to invest in their workforce through training,
lifelong learning and efforts to foster diversity and inclusion.1
How business leaders manage this transition will help to de fine a new contract between workers and companies, and
determine whether the Fourth Industrial Revolution (4IR) leads
to a positive outcome for society. The human resources func tion and its evolution thus shapes not only how relevant and
forward-thinking people strategies are implemented inside
companies; it also has broader societal implications. This pa per aims to define the key ways in which human resources
management must change within the 4IR and how the HR
function can help deliver against these imperatives. This con cept, HR 4.0, is critical for a changing context
