Leadership in Industry 5.0: How we manage human capital in the age of digitalization

With the advent of Industry 5.0, the business world is changing at a rapid pace. The focus is no longer just on automation and technology, but on people. Now that human capital and technology are more dynamically intertwined than ever, leaders must create an environment where people and technology work together synergistically. In the 33rd episode of HR Navigator, together with our guests in the studio - Ioana Atanasova, Recruitment Consultant on our team, and Paola Ivanova, Brand Manager of International Markets at Lev Ins - we discussed how to build a leadership approach that fosters innovation and human development in the new era.
 

• The Human Element in Industry 5.0: Industry 5.0 puts people at the center of business processes, with technology now serving not only to automate, but also to support human creativity and innovation. Leaders need to ensure that technological advances not only replace manual labour but also amplify human capabilities. "The main goal of Industry 5.0 is to make technology a partner, not a competitor to humans," says one of the experts in the episode.
• How Leadership Adapts: Leadership in Industry 5.0 requires the skills to understand technology, but also the ability to motivate people to embrace change. Leaders must build trust and foster a culture of mutual learning and adaptation. "Nowadays, leaders need to be not only experts in their field, but also inspirers who help employees adapt to new technologies and embrace them as part of their work," said presenter Maria Dineva.
• Managing human capital through collaboration with technology: The episode discusses how a balance between technology and human skills can increase productivity and engagement. Leaders need to build teams where technology is integrated in a way that supports day-to-day work rather than creating additional difficulties. "Technology should be our allies, not a hindrance to human development," notes one podcast guest. Approaches that support human-machine collaboration are key to successful human capital management.

Leadership in Industry 5.0 requires agility, innovation, and empathy. Leaders who understand the power of technology and know how to use it to improve human potential will be able to create teams that are motivated and ready for the challenges ahead.

Watch the full episode HERE, to learn more about the ways we can manage human capital in the age of digitalization.