Human Capital Formation for the Fourth Industrial Revolution

412 Pages·2019·5.39 MB·English

by  Sulaiman Olusegun Atiku

Human Capital Formation
for the Fourth Industrial
Revolution
Sulaiman Olusegun Atiku
Namibia University of Science and Technology, Namibia
A volume in the Advances in Human
and Social Aspects of Technology
(AHSAT) Book Series
Published in the United States of America by
IGI Global
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Library of Congress Cataloging-in-Publication Data
Names: Atiku, Sulaiman Olusegun, 1980- editor.
Title: Human capital formation for the fourth industrial revolution /
Sulaiman Olusegun Atiku, editor.
Description: Hershey, PA : Business Science Reference, [2020]
Identifiers: LCCN 2019010638| ISBN 9781522598107 (hardcover) | ISBN
9781522598121 (ebook) | ISBN 9781522598114 (softcover)
Subjects: LCSH: Human capital. | Manpower planning. | Labor supply--Effect of
automation on. | Labor supply--Effect of technological innovations on.
Classification: LCC HD4904.7 .H858475 2020 | DDC 331.11--dc23 LC record available at https://
lccn.loc.gov/2019010638

This book is published in the IGI Global book series Advances in Human and Social Aspects of
Technology (AHSAT) (ISSN: 2328-1316; eISSN: 2328-1324)
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For electronic access to this publication, please contact: [email protected].
Advances in Human
and Social Aspects of
Ashish Dwivedi
Technology (AHSAT) Book The University of Hull, UK
Series
ISSN:2328-1316
EISSN:2328-1324
Editor-in-Chief: Ashish Dwivedil, The University of Hull, UK
Mission
In recent years, the societal impact of technology has been noted as we become
increasingly more connected and are presented with more digital tools and devices.
With the popularity of digital devices such as cell phones and tablets, it is crucial to
consider the implications of our digital dependence and the presence of technology
in our everyday lives.
The Advances in Human and Social Aspects of Technology (AHSAT) Book
Series seeks to explore the ways in which society and human beings have been
affected by technology and how the technological revolution has changed the way we
conduct our lives as well as our behavior. The AHSAT book series aims to publish
the most cutting-edge research on human behavior and interaction with technology
and the ways in which the digital age is changing society.
Coverage
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The Advances in Human and Social Aspects of Technology (AHSAT) Book Series (ISSN 2328-1316) is published
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Handbook of Research on Industrial Advancement in Scientific Knowledge
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Educación a Distancia (UNED), Spain) and Jesus Pedro Zamora Bonilla (Universidad
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For an entire list of titles in this series, please visit:
https://www.igi-global.com/book-series/advances-human-social-aspects-technology/37145
701 East Chocolate Avenue, Hershey, PA 17033, USA
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Editorial Advisory Board
Lawrence Abiwu, University of KwaZulu-Natal, South Africa
Adeshina Adeniyi, University of KwaZulu-Natal, South Africa
Olufemi Adeyeye, Federal University, Ebonyi, Nigeria
Richard H. Afedzie, Pentecost University College, Ghana
Olusegun Awotunde, University of KwaZulu-Natal, South Africa
Ayansola Olatunji Ayandibu, University of Zululand, South Africa
Neeta Baporikar, HP-GSB, Namibia University of Science and Technology, Namibia
Frank Boateng, University of Mines and Technology, Ghana
Priscilla Ayebea Davies, Pentecost University College, Ghana
Tinuke Fapohunda, Lagos State University, Nigeria
Helena Fidlerová, Slovak University of Technology, Slovakia
Idris Olayiwola Ganiyu, University of KwaZulu-Natal, South Africa
Kabiru Ishola Genty, Lagos State University, Nigeria
Idahosa Igbinakhase, University of KwaZulu-Natal, South Africa
Vivence Kalitanyi, University of Johannesburg, South Africa
Irrshad Kaseeram, University of Zululand, South Africa
Daniel Nkrumah, Pentecost University College, Ghana
Paul Adjei Onyina, Pentecost University College, Ghana
Wesley Palmer, City University of New York, USA
Emad Rahim, Bellevue University, USA
Mustafa Kemal Topcu, ST Strategy and Technology Development LLC, Turkey
Table of Contents
Foreword.............................................................................................................xvi
Preface.................................................................................................................xix
Acknowledgment..............................................................................................xxvi
Chapter 1
Rethinking.Education.System.for.the.Fourth.Industrial.Revolution.......................1
Sulaiman Olusegun Atiku, Namibia University of Science and
Technology, Namibia
Frank Boateng, University of Mines and Technology, Ghana
Chapter 2
Competency.Framework.for.the.Fourth.Industrial.Revolution.............................18
Mustafa Kemal Topcu, ST Strategy and Technology Development LLC,
Turkey
Chapter 3
Identification.of.Challenges.and.Opportunities.for.Work.4.0.Competences.
Developing.in.Slovakia.........................................................................................44
Helena Fidlerová, Slovak University of Technology, Slovakia
Martina Porubčinová, Slovak Academy of Sciences, Slovakia
Martin Fero, Slovak University of Technology in Bratislava, Slovakia
Ivana Novotná, Slovak University of Technology in Bratislava, Slovakia
Chapter 4
Current.Trends.in.Human.Capital.Formation.......................................................73
Ayansola Olatunji Ayandibu, University of Zululand, South Africa
Lawrence Abiwu, University of KwaZulu-Natal, South Africa

Chapter 5
Human.Capital.Management.in.the.Fourth.Industrial.Revolution......................100
Vivence Kalitanyi, University of Johannesburg, South Africa
Geoff A. Goldman, University of Johannesburg, South Africa
Chapter 6
The.Future.of.Workforce.Planning.....................................................................127
Ayansola Olatunji Ayandibu, University of Zululand, South Africa
Irrshad Kaseeram, University of Zululand, South Africa
Chapter 7
Reshaping.Education.for.the.New.Labour.Market.in.Sub-Saharan.African.
Countries.............................................................................................................157
Richard H. Afedzie, Pentecost University College, Ghana
James Aller, Georgia Southwestern State University, USA
Joseph Nketia, St. Edward University, USA
Chapter 8
Closing.the.Gender.Gap.in.Human.Capital.Formation.for.the.Fourth.
Industrial.Revolution...........................................................................................177
Tinuke Fapohunda, Department of Industrial Relations and Human
Resources Management, Lagos State University, Ojo, Nigeria
Chapter 9
Human.Capital.Formation.for.the.Fourth.Industrial.Revolution:.The.Role.of.
Women................................................................................................................205
Paul Adjei Onyina, Pentecost University College, Ghana
Chapter 10
Leadership.for.Enhancing.Organisational.Performance.Through.Workforce.
Reskilling............................................................................................................229
Neeta Baporikar, Namibia University of Science and Technology,
Namibia & University of Pune, India
Chapter 11
Effective.Integration.of.Technology.and.Human.Capital.Development.in.
Healthcare...........................................................................................................268
Terrence Duncan, Liberty University, USA
Gary James Hanney, South University, USA
Darrell Norman Burrell, The Florida Institute of Technology, USA
Emad Rahim, Bellevue University, USA

Chapter 12
Technology.Incubator.and.Entrepreneurship.Development................................286
Saidi Adedeji Adelekan, Mountain Top University, Nigeria
Benneth Uchenna Eze, Hallmark University, Nigeria
Chapter 13
Intellectual.Capital.Reporting.and.Disclosure.Practices.in.Sri.Lanka................305
Kennedy D. Gunawardana, University of Sri Jayewardenepura, Sri
Lanka
Compilation of References...............................................................................333
About the Contributors....................................................................................375
Index...................................................................................................................382
Detailed Table of Contents
Foreword.............................................................................................................xvi
Preface.................................................................................................................xix
Acknowledgment..............................................................................................xxvi
Chapter 1
Rethinking.Education.System.for.the.Fourth.Industrial.Revolution.......................1
Sulaiman Olusegun Atiku, Namibia University of Science and
Technology, Namibia
Frank Boateng, University of Mines and Technology, Ghana
The.use.of.automation.and.artificial.intelligence.in.recent.times.has.created.two.
options.for.stakeholders.in.the.global.business.environment..The.stakeholders.
are.capable.of.becoming.the.agents.or.victims.of.inevitable.transformation..This.
chapter.explores.a.review.of.education.system.across.the.globe.in.building.human.
capital.to.address.the.challenges.and.take.advantage.of.the.opportunities.in.the.
fourth.industrial.revolution..This.chapter.combines.a.literature.review.approach.
and.personal.observation.in.higher.education.institutions.in.advancing.education.
system.for.the.fourth.industrial.revolution..The.use.of.chatbot.as.a.training.needs.
assessment.technique.is.effective.in.collecting.variety.of.information.about.needs,.
problems,.potential.problems,.perceptions,.attitudes,.and.opinions.in.the.digital.
age..This.chapter.holds.that.teaching.contents.and.techniques.should.be.structured.
in.line.with.the.learners’.objectives,.students’.needs,.and.skills.in.high.demand.by.
employers.in.the.fourth.industrial.revolution.
Chapter 2
Competency.Framework.for.the.Fourth.Industrial.Revolution.............................18
Mustafa Kemal Topcu, ST Strategy and Technology Development LLC,
Turkey