New in Stock - Preliminary Exam Business Report Samples (Band 6 Exemplar)
The introduction of innovative devices, methods and machinery into internal work practices, altering demand for human labour.
A major source of improvements in productivity for firms, resulting in changes to HR processes.
How this impacts HR:
New technologies can replace jobs previously performed by human labour (this leads to redundancy payments, retraining, performance measurement (who goes?) against operational KPI;
Low skilled jobs are typically most at threat of automated advances; upskilling and training for new roles in ‘new economy’ performed by HR;
Resistance to change: new work patterns can result in resistance;
AI bots and computer programs are set to replace information heavy jobs (lawyers, doctors);