THE IMPACT OF INDUSTRIAL REVOLUTION 4.0 ON HUMAN RESOURCE MANAGEMENT PRACTICES IN INSURANCE SECTOR

                This paper is aimed at understanding the impact of industry 4.0 on HRM Practices in Insurance sector with the use of specific technologies. The Fourth Industrial Revolution's usage of robotics in business helps to boost production and lower the likelihood of product failure. The    fact to be accepted that it causes a number of HR concerns, including employee reduction, employee training, employee mental stability, and employee physical stability employees, etc. Industry 4.0 made HRM Practices easy, accurate, and fast. To understand the effect of Industrial Revolution on HRM in insurance sector functions such as induction, recruitment, selection, training and development, performance management a quantitative method was used, and a questionnaire administered to elicit the data to emphasize HRM practices' opinions on how Industry 4.0 will affect the insurance industry. The aim of the article is to examine the best suitable HRM practices which can promote the climate of modernization and learning in the Insurance sector, and to match with the pace of Industry 4.0, and analyse the effect of industry 4.0 on HRM practices in Insurance sector. The study is descriptive and based on both primary and secondary data. The collection of primary data is done through employee survey and secondary data collected from magazines, published resources, Journals published. This paper is an experiment to analyse the impact of industrial revolution 4.0 on HRM practices in insurance sector.

               

 


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