A Recruitment and Human Resource Management Technique Using Blockchain Technology for Industry 4.0

TL;DR

This paper proposes a blockchain-based recruitment and HR management system to enhance transparency, security, and efficiency in Industry 4.0, supported by a literature review and case study analysis.

Contribution

It introduces novel blockchain-based algorithms for recruitment and HR management, demonstrating advantages over traditional systems in terms of transparency and security.

Findings

Blockchain improves transparency in HR processes

The proposed system is more secure and cost-effective

Case study shows better efficiency than existing systems

Abstract

Application of Information Technology (IT) in the domain of Human Resource Management (HRM) systems is a sine qua non for any organization for successfully adopting and implementing Fourth Industrial Revolution (Industry 4.0). However, these systems are required to ensure non-biased, efficient, transparent and secure environment. Blockchain, a technology based on distributed digital ledgers, can help facilitate the process of successfully effectuating these specifications. A detailed literature review has been conducted to identify the current status of usage of Information Technology in the domain of Human Resource Management and how Blockchain can help achieve a smart, cost-effective, efficient, transparent and secure factory management system. A Blockchain based Recruitment Management System (BcRMS) as well as Blockchain based Human Resource Management System (BcHRMS) algorithm have been proposed. From the analysis of the results obtained through the case study, it is evident that the proposed system holds definite advantages compared to the existing recruitment systems. Future research directions have also been identified and advocated.