The Fourth Industrial Revolution in the Light of Social and Competence Changes

Szymon Jarosz, Mariusz Soltysik and Malgorzata Zakrzewska

European Research Studies Journal, 2020, vol. XXIII, issue Special 1, 530-548

Abstract: Purpose: The aim of the article is to review the literature on the changes that the Fourth Industrial Revolution brings in terms of competence requirements at the workplace or the characteristics of professions. The article also focuses on changes in the sector related to finance or accounting in general. Design/Methodology/Approach: The objectives are achieved due to a systematic literature review of Fourth Industrial Revolution’s outcomes, which leave their mark on job and competence requirements. Findings: The article introduces the concepts of the Fourth Industrial Revolution and the problem of new requirements that are placed and will be placed on employees in the labour market, which is currently characterized by considerable volatility. New technologies are completely changing the competence requirements for labour market participants, which can also bring about significant social changes. Practical Implications: The article can be seen as a clue to scientists as to the existing gaps in the description of the social consequences of the Fourth Industrial Revolution. The conducted literature analysis allows to identify areas that need to be investigated more closely. In addition, the article draws attention to the need for a deeper description of the requirements placed on employees in the financial area and, consequently, the need to adapt curricula in this area. Originality/Value: Nowadays, people and organizations have to deal with complexity of economic environment. This complexity, which is the result of Industry 4.0, requires continuous adaptation, shaping and development of competences. This article approximates the characteristics and importance of the social side of the changes by showing the direction in which labour market participants should develop.

Keywords: Industry 4.0; competences; fourth industrial revolution; social side. (search for similar items in EconPapers)
Date: 2020
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