Technological Innovation and Human Resources Management (HRM) in the Era of Industry 5.0: Navigating Impacts and Opportunities

The rise of Industry 5.0, emphasizing human wellbeing and sustainability, presents a unique challenge for Human Resource Management (HRM). This chapter explores how HRM can leverage technology to prioritize the human element in this transition (e.g., by embracing technology and adapting to new work styles). We delve into the digital transformation's impact on HR, examining its role as a driver for sustainable growth in the Industry 5.0 era. The chapter also outlines the evolution of HRM practices alongside technological advancements, highlighting the accelerating effect of the COVID-19 pandemic. It showcases key trends in digital innovation within HR departments, including Artificial Intelligence (AI), Virtual Reality (VR), Augmented Reality (AR), and blockchain technologies. Additionally, it explores the impact of Industry 5.0 on various aspects of HRM: streamlining recruitment, enhancing talent management, and potentially influencing employee emotional intelligence. Ethical considerations regarding technology integration within HR practices are also addressed. Finally, the chapter identifies key enablers like innovation and agility as crucial for successful integration of technology in HRM.