Digitalization and human capital development

Abstract

The onset of Fourth Industrial Revolution and its related development of digitization processes has created the need to focus more attention on creating the conditions for the development of adequate human resources skills, on which the pace of innovation depends. The digital transformation of economies has become a global trend, so the need to innovate cannot be ignored if countries want to be competitive in international environment. Therefore, particular governments must respond to this situation and take relevant steps to support these processes. However, the situation in each country is diametrically different. Some of them strive to be leaders in a particular field and systematically support the development of ongoing processes. Others are more indifferent to this situation and their progress is much slower. As in the past, at the time of scientific and technical revolution, this attitude is subsequently reflected in their economic situation. There are also significant differences among EU Member States, despite the fact that the EU is trying to set certain development parameters that should be achieved in each country. The goal of this paper is to theoretically define what changes are taking place as a result of digitization, how the current situation has contributed to those changes, and which key areas should be given priority within each country. In addition, our goal is to find out how the population in Slovak Republic is developing in terms of the achieved level of education, what share of expenditures from GDP goes to education area and research and development support, as well as what is the average amount of these expenditures per capita, and thus to point out to the possible reasons of lagging innovation and modernization capacity of Slovak Republic. The method of descriptive statistics, time series analysis as well as the method of synthesis to formulate conclusions were used.

Digitalization in the Human Capital Management

“…Between 2010 and 2019, there were changes in education in Slovakia due to the onset of the fourth industrial revolution. At that time, the number of university graduates began to increase, from 15.1% to 23.1% [10]. Bolek et al (2021) [116] state that in most cases (almost 70% of them) managers in Slovakia have a second-level university education.…”

“…It would contribute to the expansion of knowledge in the field of HCM and digitalization. Moreover, it would follow on from studies such as digitalization and development of HC in EU countries [10], HC during digital transformation in Ukraine [11], the impact of digitalization on HC in Russia [12], use of HC in the digital economy in Russia [13].…”

The Impact of Digitalization on Public Administration, Economic Development, and Well-Being in the EU Countries

“…The crisis generated by COVID-19 has created some major problems, which have significantly accelerated the use of digital tools, which have highlighted on the one hand the opportunities and facilities that are offered through them, but on the other hand, digital inequalities have also been highlighted (Androniceanu et al, 2022;Ivanová et al,2021;Androniceanu and Marton, 2021). In our research, they are identified and analyzed on each component.…”

Entrepreneurship and Digitalisation in Eu: Twinning Insights Through a Panel Threshold Regression

“…In contrast, younger employees are more inclined to adopt and adjust to modern technological skills or join firms with higher innovation potential. Likewise, Ivanová et al (2021) discussed the need for continuous skill development and education to ensure that workers can adapt to the changing demands of the digital age. They emphasise the importance of developing digital literacy and thinking critically, solving complex problems, and working collaboratively in the digital environment.…”