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PRESENTED BY:
14th April 2021
HR AND THE FUTURE OF
WORK IN INDUSTRY 4.0
INTRODUCING QUICKHR
2
QuickHR offers cutting-edge cloud-based technology to
both SMEs and MNCs in need of business process
automation.
Our end-to-end HR solution covers all aspects of human
asset management, workforce management, and is fully
compliant with local labor, taxation and data protection
laws.
LEAVE
&CLAIMS
PA
YROLL&
BENEFITS
REPORTS&
ANALYTICS
ATTENDANCE&
SCHEDULING
APPRAISALS&
RECRUITMENT
LEARNING&
DEVELOPMENT
EMPLOYEE
DATABASE
WHAT IS INDUSTRY 4.0?
3
WHAT IS INDUSTRY 4.0?
4
What does Industry
4.0 look like?
WHAT IS INDUSTRY 4.0?
5
What does Industry 4.0 look like?
Digital Twins – allows companies
to “see” their entire shop floor in
virtual space
Autonomous Robots – self-sufficient
machines that can manage their tasks
without a human operator
WHAT IS INDUSTRY 4.0?
6
WHAT IS INDUSTRY 4.0?
7
Augmented Reality – extra
visual input overlaid onto the
actual world
• Boost customer
engagement and sales
• Maintenance and training;
reduce machinery
downtime
CLOUD TECH IN INDUSTRY 4.0
8
What does Industry 4.0 look like?
Cloud-based Systems –
software and data stored on an
offsite servers instead of on a
local machine > reduce
overhead costs for high-
powered machinery
• Server-based (on-premises) systems usually have higher
implementation costs vs cloud-based systems > previously were
more accessible to MNCs
• Cloud-based systems are now more accessible to SMEs
CLOUD TECH IN INDUSTRY 4.0
9
 5G is a great enabler of cloud systems
 Digitalisation of physical assets - can be
digitised and uploaded to the cloud for
instantaneous access
 Leverage upon creativity and diverse
skill-sets
 Speed at which 5G facilitates allows for
tasks to be completed in unprecedented
speeds
10
Cloud Adoption Rates in Singapore Top 3 Reasons Firms Adopt a Cloud System
CLOUD TECH IN INDUSTRY 4.0
Data from IndSights Research
McKinsey Research shows: The role of Industry 4.0 became even more critical in the backdrop
of a crisis such as COVID-19. Players utilizing digital solutions are better-positioned to weather
the storm, having moved faster and further than their peers during the crisis.
WHAT IS INDUSTRY 4.0?
11
Adoption of Industry 4.0 in Singapore
Smart Industry Readiness Index (by EDB) Boston Consulting Group: The rapid
adoption of I4.0 could boost
Singapore’s labour productivity by as
much as 30% by 2024.
To help SMEs navigate I4.0, the
government pledged $3.2 billion from
2016 to 2020 to develop research and
technological capabilities in the
manufacturing and engineering
domain
WHAT IS INDUSTRY 4.0?
12
The Importance of Cyber-Security
Four Major Types Cyber Security Threats SMEs Face:
1. Brute Force Attacks
• Trial & Error approach to guess password
2. Credential Stuffing
• using stolen credentials to gain unauthorized access to a user’s
account
3. Phishing & Spear Attacks
• sending emails from a seeming-trusted source to gain personal
information
• spear phishing are targeted attacks where victims receive
personalized messages or emails, composed through research
4. Malware Attacks
• malicious software that is downloaded unto your system without
you being aware of its presence
WHAT IS INDUSTRY 4.0?
13
The Importance of Cyber-Security
Organizational Cyber Security & Vigilance
• Invest and build technology or systems with high level of security
• Maintain constant vigilance and update security features for online
operations (easier for cloud)
• Adopt systems that have been certified with reputable or recognized
security standards. (eg. ISO or IMDA’s MTCS)
• Educate employees and set policies for to prevent Cyber Security
breaches
WHAT IS INDUSTRY 4.0?
14
IMDA’s MTCS Certified Cloud SaaS
https://www.imda.gov.sg/reg
ulations-and-licensing-
listing/ict-standards-and-
quality-of-service/IT-
Standards-and-
Frameworks/ComplianceAn
dCertification
WHAT IS INDUSTRY 4.0?
15
Habits & Behaviors to Prevent Security Breaches
Educate all levels of your organization about the risks
1. Use complex passwords: a combination of numbers, special characters, and lower-upper case
alphabets
2. Set a limit on the number of login attempts
3. For fighting against automated attacks using bots, enable captchas
4. Discontinue using email addresses as user IDs
5. Do not open emails sent from unknown sources
6. Before clicking on a link, hover the mouse over it to find where it will take you
7. Pay close attention to email headers, and you’ll be able to identify whether it’s genuine or not
8. Log-out of accounts when done with work
What does this mean for HR?
• Lower skilled jobs are likely to be replaced
• 20 million manufacturing jobs replaced by
robots in 2030 (Oxford Economics, 2019)
• New jobs will also be created – esp. those
involving data and data processing
• Companies will have to either train, outsource or
employ remote workers
WHAT IS INDUSTRY 4.0?
16
HR OF THE FUTURE
INVEST IN LEARNING & DEVELOPMENT
 Identify the skills and demand and develop a talent pipeline to meet them
1. Data Scientists and Architects
• Interpret and translate data for operational teams
• Real-time interpretation & accurate forecasting
2. Cyber Security Specialists
• A study conducted by Microsoft commissioned Frost & Sullivan Company has discovered that firms
operating in Singapore could have lost billions of dollars which is equal to 6% of GDP growth of the
country. If figures are taken into account, the amount could mean a staggering $17.7 billion in USD
in economic damage. -https://www.cybersecurity-insiders.com/firms-in-singapore-have-lost-6-of-gdp-
growth-to-cyber-attacks/
17
HR OF THE FUTURE
 Don’t neglect the soft skills – recruit for
leadership at all levels, across functions
 The ‘war for talent’ continues
 Proper succession planning is key to build a
healthy leadership pipeline
18
RECRUIT FOR LEADERSHIP AT ALL LEVELS
EDA’s Paragon7: 7 Key Skills for Leadership
HR OF THE FUTURE
How can HR enable changing business needs
and deliver greater value?
PIONEERING FOR CHANGE
 Pro-actively adopting new ways of working – start
from the HR department
 Structure policies and practices to be more agile &
resilient to build a united workforce
• Managing a global or remote workforce
• 5G and Cloud-tech means greater
interconnectedness
 Adopt new technologies such as cloud-based
systems, AI-based recruitment platforms
19
HR OF THE FUTURE
 Singapore is the 2nd most overworked city in the world,
92% of Singaporeans report they feel stressed at work
 Deliver ongoing support for physical and mental well
being
 Promoting Mental Wellness
• Having a formal Employee Assistance Program
• Flexibility to work remotely
• Provide opportunities for your employees to stay
connected
20
SUPPORTING YOUR EMPLOYEES DURING COVID
“Wellbeing is a true realization of Hyatt’s
purpose – we care for people so they can
be their best,” - Mark Vondrasek, Hyatt
Hotels Corporation.
HR IS A WORK OF HEART
We cannot control the changes in our world,
but we can control how we prepare our team to stay ahead
of these changes.
21
EMBRACE HR OF THE FUTURE TODAY
THE ENABLE BUSINESS TEAM
WEBSITE
quickhr.co
MAILING ADDRESS
Paya Lebar Square, #07-38, Office Lobby 2
60 Paya Lebar Road, Singapore 409051
EMAIL ADDRESS
sales@quickhr.co
business@quickhr.co
OFFICE & BUSINESS-WHATSAPP
(65) 6908 8158
(65) 8790 0895
FOLLOW US ON SOCIAL MEDIA

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Hr and the Future of Work in Industry 4.0 - Quickhr Singapore

  • 1. PRESENTED BY: 14th April 2021 HR AND THE FUTURE OF WORK IN INDUSTRY 4.0
  • 2. INTRODUCING QUICKHR 2 QuickHR offers cutting-edge cloud-based technology to both SMEs and MNCs in need of business process automation. Our end-to-end HR solution covers all aspects of human asset management, workforce management, and is fully compliant with local labor, taxation and data protection laws. LEAVE &CLAIMS PA YROLL& BENEFITS REPORTS& ANALYTICS ATTENDANCE& SCHEDULING APPRAISALS& RECRUITMENT LEARNING& DEVELOPMENT EMPLOYEE DATABASE
  • 4. WHAT IS INDUSTRY 4.0? 4 What does Industry 4.0 look like?
  • 5. WHAT IS INDUSTRY 4.0? 5 What does Industry 4.0 look like? Digital Twins – allows companies to “see” their entire shop floor in virtual space Autonomous Robots – self-sufficient machines that can manage their tasks without a human operator
  • 7. WHAT IS INDUSTRY 4.0? 7 Augmented Reality – extra visual input overlaid onto the actual world • Boost customer engagement and sales • Maintenance and training; reduce machinery downtime
  • 8. CLOUD TECH IN INDUSTRY 4.0 8 What does Industry 4.0 look like? Cloud-based Systems – software and data stored on an offsite servers instead of on a local machine > reduce overhead costs for high- powered machinery • Server-based (on-premises) systems usually have higher implementation costs vs cloud-based systems > previously were more accessible to MNCs • Cloud-based systems are now more accessible to SMEs
  • 9. CLOUD TECH IN INDUSTRY 4.0 9  5G is a great enabler of cloud systems  Digitalisation of physical assets - can be digitised and uploaded to the cloud for instantaneous access  Leverage upon creativity and diverse skill-sets  Speed at which 5G facilitates allows for tasks to be completed in unprecedented speeds
  • 10. 10 Cloud Adoption Rates in Singapore Top 3 Reasons Firms Adopt a Cloud System CLOUD TECH IN INDUSTRY 4.0 Data from IndSights Research McKinsey Research shows: The role of Industry 4.0 became even more critical in the backdrop of a crisis such as COVID-19. Players utilizing digital solutions are better-positioned to weather the storm, having moved faster and further than their peers during the crisis.
  • 11. WHAT IS INDUSTRY 4.0? 11 Adoption of Industry 4.0 in Singapore Smart Industry Readiness Index (by EDB) Boston Consulting Group: The rapid adoption of I4.0 could boost Singapore’s labour productivity by as much as 30% by 2024. To help SMEs navigate I4.0, the government pledged $3.2 billion from 2016 to 2020 to develop research and technological capabilities in the manufacturing and engineering domain
  • 12. WHAT IS INDUSTRY 4.0? 12 The Importance of Cyber-Security Four Major Types Cyber Security Threats SMEs Face: 1. Brute Force Attacks • Trial & Error approach to guess password 2. Credential Stuffing • using stolen credentials to gain unauthorized access to a user’s account 3. Phishing & Spear Attacks • sending emails from a seeming-trusted source to gain personal information • spear phishing are targeted attacks where victims receive personalized messages or emails, composed through research 4. Malware Attacks • malicious software that is downloaded unto your system without you being aware of its presence
  • 13. WHAT IS INDUSTRY 4.0? 13 The Importance of Cyber-Security Organizational Cyber Security & Vigilance • Invest and build technology or systems with high level of security • Maintain constant vigilance and update security features for online operations (easier for cloud) • Adopt systems that have been certified with reputable or recognized security standards. (eg. ISO or IMDA’s MTCS) • Educate employees and set policies for to prevent Cyber Security breaches
  • 14. WHAT IS INDUSTRY 4.0? 14 IMDA’s MTCS Certified Cloud SaaS https://www.imda.gov.sg/reg ulations-and-licensing- listing/ict-standards-and- quality-of-service/IT- Standards-and- Frameworks/ComplianceAn dCertification
  • 15. WHAT IS INDUSTRY 4.0? 15 Habits & Behaviors to Prevent Security Breaches Educate all levels of your organization about the risks 1. Use complex passwords: a combination of numbers, special characters, and lower-upper case alphabets 2. Set a limit on the number of login attempts 3. For fighting against automated attacks using bots, enable captchas 4. Discontinue using email addresses as user IDs 5. Do not open emails sent from unknown sources 6. Before clicking on a link, hover the mouse over it to find where it will take you 7. Pay close attention to email headers, and you’ll be able to identify whether it’s genuine or not 8. Log-out of accounts when done with work
  • 16. What does this mean for HR? • Lower skilled jobs are likely to be replaced • 20 million manufacturing jobs replaced by robots in 2030 (Oxford Economics, 2019) • New jobs will also be created – esp. those involving data and data processing • Companies will have to either train, outsource or employ remote workers WHAT IS INDUSTRY 4.0? 16
  • 17. HR OF THE FUTURE INVEST IN LEARNING & DEVELOPMENT  Identify the skills and demand and develop a talent pipeline to meet them 1. Data Scientists and Architects • Interpret and translate data for operational teams • Real-time interpretation & accurate forecasting 2. Cyber Security Specialists • A study conducted by Microsoft commissioned Frost & Sullivan Company has discovered that firms operating in Singapore could have lost billions of dollars which is equal to 6% of GDP growth of the country. If figures are taken into account, the amount could mean a staggering $17.7 billion in USD in economic damage. -https://www.cybersecurity-insiders.com/firms-in-singapore-have-lost-6-of-gdp- growth-to-cyber-attacks/ 17
  • 18. HR OF THE FUTURE  Don’t neglect the soft skills – recruit for leadership at all levels, across functions  The ‘war for talent’ continues  Proper succession planning is key to build a healthy leadership pipeline 18 RECRUIT FOR LEADERSHIP AT ALL LEVELS EDA’s Paragon7: 7 Key Skills for Leadership
  • 19. HR OF THE FUTURE How can HR enable changing business needs and deliver greater value? PIONEERING FOR CHANGE  Pro-actively adopting new ways of working – start from the HR department  Structure policies and practices to be more agile & resilient to build a united workforce • Managing a global or remote workforce • 5G and Cloud-tech means greater interconnectedness  Adopt new technologies such as cloud-based systems, AI-based recruitment platforms 19
  • 20. HR OF THE FUTURE  Singapore is the 2nd most overworked city in the world, 92% of Singaporeans report they feel stressed at work  Deliver ongoing support for physical and mental well being  Promoting Mental Wellness • Having a formal Employee Assistance Program • Flexibility to work remotely • Provide opportunities for your employees to stay connected 20 SUPPORTING YOUR EMPLOYEES DURING COVID “Wellbeing is a true realization of Hyatt’s purpose – we care for people so they can be their best,” - Mark Vondrasek, Hyatt Hotels Corporation.
  • 21. HR IS A WORK OF HEART We cannot control the changes in our world, but we can control how we prepare our team to stay ahead of these changes. 21
  • 22. EMBRACE HR OF THE FUTURE TODAY THE ENABLE BUSINESS TEAM WEBSITE quickhr.co MAILING ADDRESS Paya Lebar Square, #07-38, Office Lobby 2 60 Paya Lebar Road, Singapore 409051 EMAIL ADDRESS sales@quickhr.co business@quickhr.co OFFICE & BUSINESS-WHATSAPP (65) 6908 8158 (65) 8790 0895 FOLLOW US ON SOCIAL MEDIA

Editor's Notes

  1. diagram source: https://www.britannica.com/topic/The-Fourth-Industrial-Revolution-2119734
  2. https://www.machinemetrics.com/blog/industry-4-0-technologies
  3. https://www.machinemetrics.com/blog/industry-4-0-technologies Robot pic: https://www.themanufacturer.com/articles/slam-software-powering-next-generation-autonomous-industrial-robots/
  4. https://www.youtube.com/watch?v=r0ViFTEb8aQ&t=26s
  5. https://www.youtube.com/watch?v=r0ViFTEb8aQ&t=26s
  6. https://www.machinemetrics.com/blog/industry-4-0-technologies
  7. https://www.machinemetrics.com/blog/industry-4-0-technologies
  8. https://www.mckinsey.com/business-functions/operations/our-insights/industry-40-reimagining-manufacturing-operations-after-covid-19 Of manufacturing and supply-chain professionals: 93 percent plan to focus on resilience of their supply chain, and 90 percent plan to invest in talent for digitization. Even pre-pandemic, there has been a growing adoption of cloud tech. In 2020, 31% of Singapore ICT companies were fully on cloud infrastructure and an additional 46% were on a hybrid – a mix of traditional and cloud infrastructure. During COVID-19, many businesses faced slower operations and even now we are still recovering, so this is a good opportunity to upgrade your productivity, so you will be ready to take full advantage of the market when demand increases again. And right now, IMDA’s has increased the grants available to further encourage adoption of cloud-based solutions that will boost productivity, you may have heard of the PSG grant – currently up to 80% subsidy and SFEC credit. For F&B and retail there is also the Digital Resilience Bonus. So for businesses looking to upgrade or adopt a new software, now is a good time to take advantage of these subsidies. But let’s look at what are the top 3 reasons firms would choose to adopt a cloud-based system. Going back to the research, 75% stated that scalability was the top factor. Cloud-based systems are scalable, they have the ability to grow with your company. For e.g. when you hire more employees, you can just upgrade your subscription, you don’t have to purchase a brand new system and learn to use it all over again. Next, 64% stated that they chose cloud systems as they need not invest in an equipment. Not having to purchase equipment will save costs for a business, and you do not need to worry about maintenance costs as well. Finally, another top reason stated would be agility of a cloud-based system. Most cloud-based systems would allow you to pick and choose the modules or functions you need, this allows you to pay for only what you need, and if your businesses needs change, you can easily upgrade to unlock the additional functions. https://www.indsights.sg/research-finding/cloud-adoption-in-singapore/
  9. https://www.machinemetrics.com/blog/industry-4-0-technologies https://www.ethozgroup.com/industry-4-0-implications-smes-singapore/
  10. https://www.upguard.com/blog/cybersecurity-important Cloud tech is more vulnerable to cyber security attacks, that’s why there’s more scrutiny on their safety and security processes. Eg. If you have something valuable at home, you’re more likely to secure it more tightly like install a safe.
  11. https://www.upguard.com/blog/cybersecurity-important Cloud tech is more vulnerable to cyber security attacks, that’s why there’s more scrutiny on their safety and security processes. Eg. If you have something valuable at home, you’re more likely to secure it more tightly like install a safe.
  12. https://www.upguard.com/blog/cybersecurity-important Cloud tech is more vulnerable to cyber security attacks, that’s why there’s more scrutiny on their safety and security processes. Eg. If you have something valuable at home, you’re more likely to secure it more tightly like install a safe.
  13. https://www.upguard.com/blog/cybersecurity-important Cloud tech is more vulnerable to cyber security attacks, that’s why there’s more scrutiny on their safety and security processes. Eg. If you have something valuable at home, you’re more likely to secure it more tightly like install a safe.
  14. https://www.machinemetrics.com/blog/industry-4-0-technologies https://www.bbc.com/news/business-48760799
  15. https://www.cee-global.com/leading-in-industry-4-0/ >add a joke about the importance of succession planning like DPM
  16. https://www.marketing-interactive.com/hyatt-hotels-and-headspace-announce-global-wellbeing-collaboration Sg is the 2nd most overworked city in the world – guess which is the first?
  17. Open up the floor for Q&A