Driving Industry 4.0 Business Through Talent Management of Human Resource System: The Conceptual Framework for Banking Industry

Anas Ahsan Alhajjar, Rezian-na Muhammed Kassim, Valliappan Raju, Tarek Alnachef

The world of human resources work is characterised by innovative and fast changing of technology wave rapidly. Driving the talent management has recently been the target of increasing interest and is a method by which organisations can meet the demands that are associated with increased complexity. Previous studies have often focused on the management of talent, but the issue of what exactly should be managed has generally been neglected. In this paper, the authors focus on discussing the substance of talent and the problems associated with identifying talent by using the following closely related concepts: employability, knowledge, and competence. The topic of talent management has increased in importance and has gained attention in both the literature and in business practices. The importance of talent management has increased in terms of the impact it brings to the success of an organization. For this reason, organizations prioritize this mechanism which included attracting, retaining and developing talents. It is of high significance as it gives organizations the opportunity to draw and retain necessary talent effectively. Furthermore, talent identification and development help organizations in identifying employees that later been develop as a leader of the future that represent the combination of cyber-physical system due to the diversification of fourth Industrial revolution or Industry 4.0 . These new technologies will impact all cross disciplines and even challenge the function of human resource such as training, staffing, performance appraisal, compensation and job design. The challenger of Industry 4.0 whereby most companies require to design the HR practices through the goal to encourage innovativeness and learning in the organization. To face those challenges successfully, the conceptual framework and future strategy management becomes vital. This paper aims to present the conceptual model and to be tested scientifically.