Perceived Impediments and Anticipated Solutions to HR (Human Resource) Towards Implementing Industry 4.0 in SMEs

Abstract

The study aims to evaluate perceived impediments and anticipated solutions to HR while implementing Industry 4.0 initiatives in SMEs. A group of 10 decision-makers from these SMEs was tasked with assigning ratings to a variety of parameters. To create the model for 10 perceived impediments and five anticipated solutions and subsequently rank them, the TOPSIS technique is employed. According to the data analysis, job reductions, unemployment, and job uncertainty have emerged as the top three significant hurdles, while challenges to trainers, replacement of humans, and training costs have been recognized as the bottom three. Smart HR 4.0 and AI & Data Analytics are the top and lowest-ranked solutions respectively. HR in I4.0 in SMEs parameters have been graded based on their contributing attributes. However, it is also true that there are several impediments associated with the implementation of Industry 4.0. These impediments become more challenging in the context of SMEs.