ANALYSIS OF HUMAN RESOURCE COMPETENCY DEVELOPMENT STRATEGIES IN IMPROVING ORGANISATIONAL PERFORMANCE IN THE INDUSTRY 4.0 ERA: LITERATURE REVIEW AND PRACTICAL IMPLICATIONS
Keywords:
competency development, human resources, organisational performance, Industry 4.0, digital transformationAbstract
This study aims to analyse human resource competency development strategies in improving organisational performance in the Industry 4.0 era through a literature review and practical implications. Digital transformation has brought significant changes to work patterns, management systems, and workforce competency requirements. HR is now required to have not only technical skills, but also digital, collaborative, and creative competencies in order to adapt to dynamic technological developments. This study uses a qualitative method through a literature review of various scientific journals, management books, and organisational reports published in the last five years to obtain a comprehensive picture of the relationship between competency development and organisational performance. The results of the study show that effective competency development strategies include the implementation of technology-based training, continuous learning, knowledge management, and the strengthening of an organisational culture that supports innovation. These strategies have been proven to play a role in increasing productivity, efficiency, and organisational competitiveness through the improvement of individual and collective capabilities. In practical terms, organisations need to adopt HR development policies that are adaptive to technological changes by expanding reskilling and upskilling programmes, strengthening digital leadership, and building a collaborative and sustainable learning ecosystem. These findings confirm that competency development is a key pillar for creating superior and innovative organisations in facing the challenges of Industry 4.0.
Downloads
References
Alesina, A. (2015). Fiscal Policy and Economic Growth: Evidence from OECD Countries. Journal of Economic Growth, 20(2), 135–174. https://doi.org/10.1007/s10887-015-9118-2
Auerbach, A. J. (2017). Fiscal Multipliers in Times of Crisis: Evidence from the Euro Area. American Economic Journal: Economic Policy, 9(4), 227–255. https://doi.org/10.1257/pol.20150201
Barro, R. J. (2016). Government Spending and Economic Growth: Evidence from High-Income Countries. Journal of Public Economics, 145, 1–20. https://doi.org/10.1016/j.jpubeco.2016.04.007
Bernanke, B. S. (2017). Monetary Policy and Stock Market: Evidence from Developed Economies. Journal of Financial Economics, 123(1), 1–20. https://doi.org/10.1016/j.jfineco.2016.09.003
Blanchard, O. (2018). The Role of Public Finance in Macroeconomic Stability: A Panel Data Analysis. Economic Journal, 128(612), 327–356. https://doi.org/10.1111/ecoj.12457
Booth, A., & Clarke, M. (2021). The value of systematic reviews in health care. British Medical Journal, 372. https://doi.org/10.1136/bmj.n71
Cecchetti, S. G. (2019). Public Debt and Growth: Is There a Causal Effect? Journal of Banking & Finance, 113, 105–118. https://doi.org/10.1016/j.jbankfin.2019.03.004
Devarajan, S. (2018). The Effect of Government Expenditure on Economic Growth: New Evidence from OECD Countries. Public Finance Review, 46(3), 417–442. https://doi.org/10.1177/1091142118768724
Eliyah, E., & Aslan, A. (2025). STAKE’S EVALUATION MODEL: METODE PENELITIAN. Prosiding Seminar Nasional Indonesia, 3(2), Article 2.
Gupta, S. (2016). Public Sector Efficiency and Economic Growth: Panel Data Evidence. Journal of Development Economics, 123, 126–142. https://doi.org/10.1016/j.jdeveco.2016.01.012
HJ Hong. (2022). Effects of Competition Policy on Macroeconomic Outcomes. https://doi.org/10.2307/j.ctv1xxxdx
JH Cochrane. (2017). Macro-Finance: Review of Finance. Review of Finance - Oxford Academic. https://doi.org/10.1093/rof/rfw048
Liberati, A., Altman, D. G., & Tetzlaff, J. (2020). The PRISMA statement for reporting systematic reviews and meta-analyses of studies that evaluate health care interventions: Explanation and elaboration. PLOS Medicine, 6(7), e1000100. https://doi.org/10.1371/journal.pmed.1000100
M Andini. (2024). The Influence Of Fiscal Policy On Economic Growth. https://organize.pdfaii.org/fiscal-policy-growth
Mendoza, E. G. (2020). Credit Cycles and Policy Responses in Emerging Markets. Journal of International Economics, 122, 103–121. https://doi.org/10.1016/j.jinteco.2019.07.003
North, D. C. (2016). The Role of Institutional Quality in Macroeconomic Policy and Growth. Journal of Institutional Economics, 12(2), 251–276. https://doi.org/10.1017/S1744137416000328
Oates, W. E. (2017). Fiscal Decentralization and Economic Growth: An Empirical Investigation. Journal of Public Economics, 152, 32–45. https://doi.org/10.1016/j.jpubeco.2017.04.006
Poterba, J. M. (2018). Transparency, Fiscal Policy, and Economic Growth. Public Choice, 175(3–4), 377–397. https://doi.org/10.1007/s11127-018-0565-y
R Rachmawaty. (2024). Impact Analysis Of Monetary And Fiscal Policies On Indonesia’s Economic Growth. Jurnal Manajemen. https://doi.org/10.24912/jm.v28i1.1518
Ramey, V. A. (2019). The Impact of Fiscal Policy on Stock Market: Panel Data Evidence. Journal of Monetary Economics, 101, 64–80. https://doi.org/10.1016/j.jmoneco.2018.12.004
Reinhart, C. M. (2017). Public Debt and Economic Growth: A Meta-Analysis. Journal of Economic Perspectives, 31(1), 123–146. https://doi.org/10.1257/jep.31.1.123
RO Olanrewaju. (2024). Assessing Fiscal Policy Impact on Economic Growth in Indonesia. https://doi.org/10.1016/S2212-5671(16)30212-X
Sachs, J. D. (2020). Econometric Analysis of the Relationship between Public Finance and Economic Competitiveness. Econometrica, 88(4), 1453–1491. https://doi.org/10.3982/ECTA15519
TS Nababan. (2019). Development Analysis of Global Competitiveness Index of ASEAN Countries: An Econometric Approach. International Journal of Business and Economics. http://repository.up.ac.za/xmlui/handle/2263/40642
Woodford, M. (2019). Interaction Between Monetary and Fiscal Policy and Its Impact on Growth. Journal of Economic Theory, 181, 190–225. https://doi.org/10.1016/j.jet.2019.05.006
YA Silviyani & AP Utami. (2023). Pengaruh Faktor Keuangan dan Makro Ekonomi Terhadap Nilai Perusahaan (2022). Jurnal Manajemen Dan Ekonomi ER -TY - JOUR.
