ISSN : 3049-1754 (PRINT) ISSN : 3048-8966 (ONLINE)
TRANSFORMING TALENT ACQUISITION FOR INDUSTRY 5.0
DR ARUNPRASAD P.
Affiliations:
FOUNDER & CEO: BULLZIAI, BULLSEYEEXPERTS & PRISMATIC EXPERTS
FORMERLY ASSOCIATE PROFESSOR , DUBAI BUSINESS SCHOOL , UNIVERSITY OF DUBAI
Ex-IIT Faculty @VGSOM, IIT KHARAGPUR
PhD (IIT MADRAS)
The world is on the verge of a new industrial revolution: Industry 5.0. This epoch is characterized by the harmonious integration of human ingenuity and sophisticated technology such as artificial intelligence (AI), the Internet of Things (IoT), blockchain, and robotics. In contrast to its predecessor, which prioritised automation and efficiency, Industry 5.0 highlights a human-centric approach, sustainable development, and the ethical application of technology. These ideas are transforming organisational strategies for people acquisition, engagement, development, and retention.
In the framework of Industry 5.0, conventional recruitment methods are being supplanted by creative initiatives that emphasise inclusion, agility, and technological integration. To attract suitable people in this dynamic period, organisations must adopt innovative solutions:
- AI-Augmented Recruitment: Sophisticated algorithms can improve hiring processes by facilitating unbiased screening and effective candidate assessment. AI-driven technologies may evaluate technical and behavioural competencies, allowing organisations to identify the ideal candidate for their requirements.
- Blockchain-Based Credential Verification: Blockchain technology offers a secure and transparent method for authenticating candidates' qualifications, job experience, and accomplishments. Digital IDs can optimise the recruitment process, decreasing time-to-hire and enhancing confidence.
- Integration of the Gig Economy: The increase in freelancing and remote work necessitates inclusive regulations that address many employment categories. Organisations must adjust to this transition by utilising platforms that link them with gig workers and contractors globally.
- Robotic Process Automation (RPA) in Recruitment: RPA can automate repetitive operations including resume parsing, interview scheduling, and onboarding. Instruments such as “Automation Anywhere” and “UI Path” have demonstrated efficacy in improving efficiency and precision in talent acquisition.
Dubai, as a centre of diverse talent, exemplifies the successful implementation of modern recruitment processes on a worldwide scale.
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