A Meta-Analytic Study on Evolving Skillsets and the Upskilling and Reskilling in Industry 4.0

Abstract

When changes have taken over charge in this era, strategic standards such as quality, benchmarks, competitive edge and uniqueness become inevitable. In view of overcoming competitive challenges, organizations have started to acknowledge the essential nature of upskilling and reskilling initiatives. The realization of its importance has been at a rising state wherein the workforce in the organization(s) tend to be resistant to the upskilling and reskilling initiatives. Organizations have shifted from conventional ways towards transforming interventions leading to developmental outcomes. It has been researched as the level of skill gap has widened as compared with yester-years particularly with the rise of Fourth Industrial Revolution. Therefore there is a need to conduct analysis that explores and identifies the important factors that influence the competency building requirement among the working employees in an organization. The research intends to collate the research work done and suggests solutions that enable in addressing the issues and challenges faced by organizations while choosing to upskill and reskill their workforce. This research work also ensures in exploring the possible means through which the issues of digitization and artificial intelligence can be tackled in organizations in an effective and efficient manner eradicating the work-skill misalignment issues in particular.