Design of Personal Trajectories for Employees’ Professional Development in the Knowledge Society under Industry 5.0

The main feature of Industry 5.0 is “personalization”, linked not only to provide customers with personalized products, but also, in our opinion, to ensure personalization in labor relations with employees, since it increases human value through human–machine collaboration. The human capital quality...

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Main Author: Ekaterina V. Orlova
Format: Article
Language:English
Published: MDPI AG 2021-11-01
Series:Social Sciences
Subjects:
Online Access:https://www.mdpi.com/2076-0760/10/11/427
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author Ekaterina V. Orlova
author_facet Ekaterina V. Orlova
author_sort Ekaterina V. Orlova
collection DOAJ
description The main feature of Industry 5.0 is “personalization”, linked not only to provide customers with personalized products, but also, in our opinion, to ensure personalization in labor relations with employees, since it increases human value through human–machine collaboration. The human capital quality determines a significant contribution not only to the labor productivity growth, but also to extend a social communication, loyalty and employees’ trust. The study proposes the new methodological approach for corporate human capital assessment and management (CHCM) over new conditions of digital transformation. The CHCM uses methods of system analysis and synthesis, expert assessments, descriptive statistical analysis and survey. The novelty of CHCM is that, firstly, it reflects all the essential features and properties of human capital under emergence of new professions; secondly, it combines and comprehensively uses both quantitative and qualitative methods for human capital assessment, reflecting the subjective and objective aspects of human capital measurement; thirdly, it allows to create warranted management decisions about individual trajectories of professional development of employees, ensuring the continuous growth of individual, corporate and social wealth. It is proved experimentally that the implementation of individual trajectories for employees’ professional development provides 2–3 years’ perspective on companies’ performance growth.
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spelling doaj.art-d4f13a3a0a4d479495d2a96ce4f3f6f32023-11-23T01:30:39ZengMDPI AGSocial Sciences2076-07602021-11-01101142710.3390/socsci10110427Design of Personal Trajectories for Employees’ Professional Development in the Knowledge Society under Industry 5.0Ekaterina V. Orlova0Department of Economics and Management, Ufa State Aviation Technical University, 450000 Ufa, RussiaThe main feature of Industry 5.0 is “personalization”, linked not only to provide customers with personalized products, but also, in our opinion, to ensure personalization in labor relations with employees, since it increases human value through human–machine collaboration. The human capital quality determines a significant contribution not only to the labor productivity growth, but also to extend a social communication, loyalty and employees’ trust. The study proposes the new methodological approach for corporate human capital assessment and management (CHCM) over new conditions of digital transformation. The CHCM uses methods of system analysis and synthesis, expert assessments, descriptive statistical analysis and survey. The novelty of CHCM is that, firstly, it reflects all the essential features and properties of human capital under emergence of new professions; secondly, it combines and comprehensively uses both quantitative and qualitative methods for human capital assessment, reflecting the subjective and objective aspects of human capital measurement; thirdly, it allows to create warranted management decisions about individual trajectories of professional development of employees, ensuring the continuous growth of individual, corporate and social wealth. It is proved experimentally that the implementation of individual trajectories for employees’ professional development provides 2–3 years’ perspective on companies’ performance growth.https://www.mdpi.com/2076-0760/10/11/427human capitalemployee assessmentlabor performanceindividual trajectories of professional developmentorganizational innovationknowledge society
spellingShingle Ekaterina V. Orlova
Design of Personal Trajectories for Employees’ Professional Development in the Knowledge Society under Industry 5.0
Social Sciences
human capital
employee assessment
labor performance
individual trajectories of professional development
organizational innovation
knowledge society
title Design of Personal Trajectories for Employees’ Professional Development in the Knowledge Society under Industry 5.0
title_full Design of Personal Trajectories for Employees’ Professional Development in the Knowledge Society under Industry 5.0
title_fullStr Design of Personal Trajectories for Employees’ Professional Development in the Knowledge Society under Industry 5.0
title_full_unstemmed Design of Personal Trajectories for Employees’ Professional Development in the Knowledge Society under Industry 5.0
title_short Design of Personal Trajectories for Employees’ Professional Development in the Knowledge Society under Industry 5.0
title_sort design of personal trajectories for employees professional development in the knowledge society under industry 5 0
topic human capital
employee assessment
labor performance
individual trajectories of professional development
organizational innovation
knowledge society
url https://www.mdpi.com/2076-0760/10/11/427
work_keys_str_mv AT ekaterinavorlova designofpersonaltrajectoriesforemployeesprofessionaldevelopmentintheknowledgesocietyunderindustry50