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Human Capital Management and Future of Work; Job Creation and Unemployment: A Literature Review

DOI: 10.4236/oalib.1104859, PP. 1-17

Subject Areas: Human Resource Management

Keywords: Human Capital Management, Future of Work and Automation

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Abstract

An enormous amount of literature has emerged over the last few years in the context of the “human capital management”, “Future of Work” and on “Zambian Case: Job creation and unemployment”. The existing literature on the human capital management, the future of work and the Zambian case on job creation and unemployment, covers a wide range of topics. Investment in the human capital enhances performance, employee engagement, innovation and labor productivity. However, it has been observed that the future of work; technology advancement, automation in the transportation and agriculture sector might disrupt economic and social activities in developing countries including Zambia by the year 2026. Nevertheless, despite this wealth of existing studies, some important gaps remain, which should be addressed in future research: 1) Reduction on poverty levels, little is known about the margin by which poverty levels both in rural and urban areas will be reduced by 2021 considering that technological advancements and automation are expected to alter the way of doing business in service sector: transport Sector and manufacturing sector and also the agriculture sector by 2026. 2) Development strategies on human capital development to address the challenges associated with low labor productivity and how technological advancements, automation in the service sector (transportation), manufacturing sector and agriculture sector will sustain jobs that Zambian Government will have created for the locals by the year 2026. 3) Development strategies on human capital development which will ensure that most workers which enter the labor force after dropping out of school, attain basic numeracy, ICT and literacy skills by 2026. 4) Exploring measures to address wage inequality issues in view of off loading robots and use of articial intelligences on the Zambian market which could have potential to widen the gap between highly skilled expatriates and local Zambians.

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Mukhalipi, A. (2018). Human Capital Management and Future of Work; Job Creation and Unemployment: A Literature Review. Open Access Library Journal, 5, e4859. doi: http://dx.doi.org/10.4236/oalib.1104859.

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