Innovations and challenges in human resource management for HR4.0 /Rajesh Singh (editor), Lovely Professional University, Phagwara, Punjab, India, Geeta Rana (editor), Swami Rama Himalayan University, Dehradun, India, Ravindra Sharma (editor), Swami Rama Himalayan University, Dehradun, India, Anita Gehlot (editor),Lovely Professional University, Phagwara, Punjab, India.

Includes bibliographies and index.

"To sustain competitiveness in today's highly local and global markets, an organization needs to excel in all its key dimensions. The world is facing a new industrial era marked by digitalization in various multidimensional sectors; experts call it Industry 4.0. Humans are slowly but steadily being replaced by mechanical automation and technological digitalization in driving the economy. The potential benefits of Industry 4.0 are improving the speed of production flexibility, improving service to customers and increasing revenue. Challenges in human resources management include strengthening the management system and processes of an organization to improve performance and create value for stakeholders. Innovations and Challenges in Human Resource Management for HR4.0 helps to convey the importance of "HR4.0" in all aspects of business, not just product and process quality. It is about achieving excellence in everything that an organization does, and most importantly achieving superior business results. This book provides international insights to manage business performance improvements and companies' value creation dynamics. Readers will learn how to use multi-functional area tools, techniques, innovative frameworks, practices and approaches for understanding, assessing and managing the strategic value drivers of business excellence. This book provides a rich repertoire of tools and techniques across business functions researched, tested and validated in various business settings, and provides a new stream of thoughts by a few fine researchers in the domain of business management"--

Intro -- Contents -- Preface -- Acknowledgments -- Chapter 1 -- Challenges to HR 4.0 in Global Business Scenario -- Abstract -- Introduction -- The Human Resource Functions -- Procurement -- Development -- Compensation -- Integrate -- Maintain -- Human Resource 4.0 -- Differences between Traditional HR and HR 4.0 -- How Technology Is Altering Human Resource Department -- Landscape of a Human Resource Department -- HR Strategy -- Culture -- Change Management -- Metrics and Analytics -- HR Operations -- HR Structure -- Policies, Procedures and Compliance -- Employee Relations

Employee Communications -- HR Engagement -- Engagement Strategy -- Engagement Action Plans -- Compensation to Employees -- Benefits -- Recognition -- Performance Management -- Performance Appraisal -- Coaching -- Goal Setting -- Learning and Development -- On Boarding -- Employee Development -- Management Development -- Talent Acquisition -- Candidate Sourcing -- Internal Mobility -- Assessment of Candidate -- Talent Management -- Workforce Planning -- Talent Assessment -- Succession Planning -- How HR Executives Can Prepare for Their Rapidly Changing Roles -- Develop an AI Ethics Strategy

Rethink on Developing the Skills of Employees -- Have a Strategy to Maintain Internal Transparency -- Realign the Role of Managers -- Use Technologies Such as AI to Create Access to Jobs -- Conclusion -- References -- Chapter 2 -- Knowledge Management Practices for Employer Branding -- Abstract -- Introduction -- Knowledge Management Background -- Knowledge Asset -- Knowledge and Information -- Forms of Knowledge -- Tacit Knowledge -- Tacit Knowledge Sharing -- Explicit Knowledge -- Significance of KM -- Drivers for KM Application -- Knowledge Management Process -- Knowledge Capture

Knowledge Codification -- Cognitive Mapping -- Decision Trees -- Knowledge Sharing -- Challenges in Knowledge Sharing -- Management Level -- Organizational Level -- Knowledge Sharing Stimulators -- Knowledge Application -- Knowledge Conversion -- Knowledge Management Tools -- Knowledge Creation Tools -- Knowledge Sharing and Dissemination Tools -- KM Strategy -- Knowledge Management Facilitating Employer Branding -- Employer Knowledge Creation -- Employer Knowledge Dissemination -- Employer Knowledge Application -- Conclusion -- References -- Chapter 3

Industry 4.0 Impact on Human Resource Management -- Abstract -- Introduction -- Emerging Issues for HR -- Workplace Changes -- The Gig Economy -- Virtual Teams -- Employee Engagement -- HR Analytics -- Artificial Intelligence in HR -- AR and VR -- Smart Workplaces -- Digitization -- Workplace Harassment -- Conclusion -- References -- Chapter 4 -- An Overview of EVP (Employee Value Proposition) -- Abstract -- 1. Introduction -- 2. Literature Review -- 3. Objective of the Study -- 3.1. To Study the Concept and Components of Employee Value Proposition

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