scholarly journals Impact of Industry 4.0 on labor productivity in the Slovak Republic

2020 ◽  
Vol 18 (2) ◽  
pp. 396-408
Author(s):  
Adriana Grenčíková ◽  
Marcel Kordoš ◽  
Vladislav Berkovic
Keyword(s):  
Labor Market ◽  
Labor Force ◽  
Labor Productivity ◽  
Industry 4.0 ◽  
New Technologies ◽  
Slovak Republic ◽  
Industrial Enterprises ◽  
Registration Number ◽  
Grant Agency ◽  
The Impact

The Fourth Industrial Revolution bears major technological, demographic, and socio-economic changes affecting nearly every area in business. Within the human resources area, both a surplus of labor and the creation of brand new professions are to be expected. Industry 4.0 concept significantly affects labor productivity in individual countries and does not miss the Slovak Republic either. All segments of the labor market, not just industrial enterprises, will be affected. The present study aims to analyze the possible development of labor productivity in Slovak companies and determine its development in the next period, considering the decreasing number of working-age populations in terms of the fallouts on creation and termination of jobs and occupations. The questionnaire carried out in 319 enterprises in the Slovak Republic with a received response of 228 was a key research tool used to analyze the results of the survey. The findings show that although the labor force within the Slovak labor market will not increase, the labor force will decrease due to unfavorable demographic development. The overall productivity in Slovak companies will increase due to the new technologies implementation. The results have proved that the Industry 4.0 concept will significantly affect labor productivity in the world economy and the Slovak Republic. In particular, the recommendations aim to draw attention to changes in job structure and the need to reform the education system because of Industry 4.0 requirements. Acknowledgments This paper was supported by the Slovak Ministry of Education’s Scientific grant agency VEGA: “The impact of Industry 4.0 on jobs structure changes”. Project registration number: [Reg. No.: 1/0430/18]. This paper was supported by the Slovak Ministry of Education’s Scientific grant agency VEGA: “Assessment changes in the qualitative structure of international economic relations under the influence of Industry 4.0 with implications for the EU and Slovak economic policies”. Project registration number: [Reg. No.: 1/0462/20].

scholarly journals The Impact of Industry 4.0 on Jobs Creation within the Small and Medium-Sized Enterprises and Family Businesses in Slovakia

2020 ◽  
Vol 10 (3) ◽  
pp. 71
Author(s):  
Adriana Grenčíková ◽  
Marcel Kordoš ◽  
Vladislav Berkovič
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
New Technologies ◽  
Slovak Republic ◽  
Implementation Process ◽  
Family Businesses ◽  
Industrial Enterprises ◽  
Fundamental Research ◽  
Human Intellect ◽  
The Impact

Industry 4.0 has been creating new jobs for several years, and people are already being employed in work positions that did not exist ten years ago. Due to the speed and complexity of the changes brought about by the Fourth Industrial Revolution, it will be necessary to respond adequately and flexibly to this challenge. This research paper is devoted to the issue of Industry 4.0 outbreak into industrial enterprises, while the issue of job structure will become an increasingly urgent one. The main objective of this problem-oriented quantitative type of research is based on the analysis of the state and course of Industry 4.0 implementation process to estimate the impact of Industry 4.0 concept implementation on job creation in small and medium-sized enterprises and family businesses in Slovak Republic. A questionnaire survey in small and medium-sized enterprises in Slovak Republic was chosen as the fundamental research method. The results have shown that new technologies will increasingly displace physical labor in particular, and emerging jobs will put ever-increasing demands on human intellect. The conclusions from our findings can be the basis for the creation of educational programs not only within the workplace but also in the educational system in Slovak Republic.

Implications of higher retirement age for the labor market

2017 ◽  
pp. 22-39 ◽  
Author(s):  
M. Ivanova ◽  
A. Balaev ◽  
E. Gurvich
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Labor Supply ◽  
Labor Force ◽  
Labor Demand ◽  
Retirement Age ◽  
Demographic Trends ◽  
Men And Women ◽  
Demographic Projections ◽  
The Impact

The paper considers the impact of the increase in retirement age on labor supply and economic growth. Combining own estimates of labor participation and demographic projections by the Rosstat, the authors predict marked fall in the labor force (by 5.6 million persons over 2016-2030). Labor demand is also going down but to a lesser degree. If vigorous measures are not implemented, the labor force shortage will reach 6% of the labor force by the period end, thus restraining economic growth. Even rapid and ambitious increase in the retirement age (by 1 year each year to 65 years for both men and women) can only partially mitigate the adverse consequences of demographic trends.

scholarly journals Impact of the COVID-19 Pandemic on the Romanian Labor Market

2020 ◽  
Vol 13 (1) ◽  
pp. 271
Author(s):  
Carmen Valentina Radulescu ◽  
Georgiana-Raluca Ladaru ◽  
Sorin Burlacu ◽  
Florentina Constantin ◽  
Corina Ioanăș ◽  
...  
Keyword(s):  
Labor Market ◽  
Health Insurance ◽  
Labor Force ◽  
Semantic Differential ◽  
Current Crisis ◽  
Health Crisis ◽  
Unemployed People ◽  
Lack Of Information ◽  
Main Effects ◽  
The Impact

The present research aims to establish the impact that the current crisis situation the planet is facing, namely the COVID-19 pandemic, has had so far on the Romanian labor force market. In this context, given the lack of information and information regarding this pandemic and its effects, the administration of a questionnaire among the population was considered to identify the research results. The method of semantic differential and the method of ordering the ranks were used for the interpretation of the results. With the help of this questionnaire, it will be possible to answer the question of the research in this study: What are the main effects of the COVID-19 pandemic on the Romanian labor market? The main results showed that the COVID-19 pandemic affected the Romanian workforce; the respondents of the applied questionnaire claimed that they obtained better results and maintained a similar income, but the health crisis also influenced the mentality of employees, with respondents stating that in the event of changing jobs, they would consider it very important for the new employer to ensure the conditions for preventing and combating COVID-19, as well as complex health insurance. However, analyzing at the macroeconomic level, it was found that the COVID-19 pandemic induced an increase in the number of unemployed people in the Romanian labor market.

scholarly journals THE IMPACT OF LABOUR MARKET ON MIGRATION PROCESS IN THE CENTRAL AND EASTERN EUROPE

2021 ◽  
Author(s):  
Юлія Цевух ◽  
Вікторія Бобришева ◽  
Аліса Крупиця
Keyword(s):  
Czech Republic ◽  
Labor Market ◽  
Central And Eastern Europe ◽  
Slovak Republic ◽  
Gdp Per Capita ◽  
Vacancy Rate ◽  
Market Outcomes ◽  
Job Vacancy ◽  
Per Capita ◽  
The Impact

The article presents the results of the study of the main trends of the labor market in Central and Eastern Europe during 2010-2021; it also investigates selected labour market outcomes affecting migration processes in Bulgaria, Czech Republic, Estonia, Latvia, Lithuania, Romania, Poland, Slovak Republic, Slovenia, and Hungary. Using econometric modeling, the impact of GDP per capita, annual net earnings per employee, job vacancy rate, unemployment rate on the number of emigrants from these CEE countries was estimated. It is followed by the analysis which controls for dependence of the number of immigrants to CEE countries on labor market outcomes and GDP per capita. The simulation results demonstrate a direct impact of the indicators of net earnings per worker, the level of unemployment and quantity of emigrants from CEE countries. At the same time, there is a direct relationship between job vacancy rate, net earnings and immigration into Bulgaria, Czech Republic, Estonia, Latvia, Lithuania, Romania, Poland, Slovak Republic, Slovenia, and Hungary.

Documentation, Processing, and Representation of Architectural Heritage Through 3D Semantic Modelling

2020 ◽  
pp. 202-238 ◽  
Author(s):  
Federica Maietti ◽  
Roberto Di Giulio ◽  
Marco Medici ◽  
Federico Ferrari ◽  
Anna Elisabetta Ziri ◽  
...  
Keyword(s):  
Industry 4.0 ◽  
New Technologies ◽  
Post Processing ◽  
Architectural Heritage ◽  
Web Based ◽  
Horizon 2020 ◽  
Semantic Modelling ◽  
European Heritage ◽  
3D Digitization ◽  
The Impact

Documentation, data processing, and representation of Architectural Heritage through digital models are one of the main challenges in the field of conservation, preservation, management, and inclusive use and understanding of European heritage assets. In this framework, the impact of Industry 4.0 is more and more crucial, since new technologies, devices, and digital environment are strongly influencing the ways in which heritage contents are explored, used, managed, and shared, also in citizens' everyday life. In this direction, the INCEPTION project – founded by the European Commission within the Horizon 2020 programme – develops key-targeted innovations in efficient 3D digitization methods, post-processing modelling tools, semantic web-based solutions, and applications to ensure a wide and aware access to digital Cultural Heritage. This chapter presents main actions achieved by INCEPTION.

Integration of Vietnamese Refugees into the Norwegian Labor Market: The Impact of War Trauma

1993 ◽  
Vol 27 (2) ◽  
pp. 388-405 ◽  
Author(s):  
Edvard Hauff ◽  
Per Vaglum
Keyword(s):  
Mental Health ◽  
Social Networks ◽  
Labor Market ◽  
Career Choice ◽  
Labor Force ◽  
Formal Education ◽  
War Trauma ◽  
Vietnamese Refugees ◽  
Job Finding ◽  
The Impact

One hundred forty-five Vietnamese boat refugees were interviewed on arrival and after three years in Norway. The integration into the labor market was poor and the rate of unemployment was relatively high (16%). Eighty-two (63%) were members of the labor force, the rest being students (n=41) or housewives (n=6). Both loss of social status in Vietnam in 1975 and experiences of war trauma were independently related to labor force participation, when age, sex and mental health were controlled for. The risk of unemployment was increased among men and among refugees with low formal education and with no accompanying spouse. The results indicate that war trauma may have an impact on career choice and integration into the labor market which is independent of mental health. Future immigration policies should probably improve the refugees’ opportunities to establish intraethnic social networks to facilitate job finding and entrepreneurship.

scholarly journals The Approach to Industry 4.0 within the Slovak Business Environment

2019 ◽  
Vol 8 (4) ◽  
pp. 104 ◽  
Author(s):  
Adriana Grenčíková ◽  
Marcel Kordoš ◽  
Jakub Sokol
Keyword(s):  
Labor Force ◽  
Statistical Methods ◽  
Industry 4.0 ◽  
Slovak Republic ◽  
Business Environment ◽  
Development Strategies ◽  
Short Term ◽  
Logical Deduction ◽  
Top Managers ◽  
Hr Managers

Academics, executives and top managers have solid, but also diverse, views on the Industry 4.0 issue, as do the employment policymakers. Without urgent and targeted measures to manage the short-term transition and shape the labor force with the skills needed for the future, governments will have to face increasing unemployment and social impacts, while companies will have to deal with a sluggish consumer base. The main goal of this paper is to find out how managers are perceived and informed about the Industry 4.0 concept and how quickly these views are changing. To accomplish this goal, methods such as analysis, synthesis, statistical methods and logical deduction are to used along with the conducted survey being executed by a questioner method. The conducted survey presented by the authors in this paper aims to support the discussion and open up opportunities for further action by providing views to HR managers in strategic employers who are among the leading representatives of new trends and are the key actors in the implementation of future labor development strategies in the Slovak Republic.

scholarly journals CONTROLLING IN ERA OF INDUSTRY 4.0: OPPORTUNITIES FOR BUSINESSES IN THE FIELD OF THE INTRODUCTION OF NEW TECHNOLOGIES

2021 ◽  
Vol 16 (2) ◽  
pp. 122-134
Author(s):  
Pavol Zahoran ◽  
Ondrej Zizlavsky
Keyword(s):  
Literature Review ◽  
Enterprise Resource Planning ◽  
Industry 4.0 ◽  
New Technologies ◽  
Resource Planning ◽  
Management Control ◽  
Systematic Research ◽  
Erp Systems ◽  
Great Opportunity ◽  
The Impact

Automation, robotics, Internet of Things and Big Data are currently a big challenge for businesses. However, they can also be a great opportunity. One of the corporate areas where new technologies can be used is controlling. In this research, the issue is narrowed down to the impact of new technologies on Enterprise Resource Planning (ERP) systems of companies, which are a basic tool of controlling in companies. The research analyses the possibilities of integrating elements of Industry 4.0 with ERP systems and the possibility of using data for corporate controlling. For this purpose, a literature review was carried out and gained results were further analysed according to the defined criteria. The outcome of the literature review is an essential current state analysis of the impact of new technologies on corporate ERP systems with regard to the company's controlling processes. This paper serves as a very first step in designing a systematic research study in area of controlling 4.0. Keywords: automation, controlling, Enterprise Resource Planning (ERP), Industry 4.0, management control, management accounting

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