Emergence of Futuristic HRM in Perspective of Human - Cobot's Collaborative Functionality

Industry 4.0 buzzed out with a theme of “Smart Manufacturing for the Future”. With the advent of Industry 5.0, the world of technology is registering a paradigm shift from Customization to Personalization. Advanced Manufacturing, Cognitive Computing, AI, Robotics, Collaborative Robots, where all these technologies altogether introduces Industry 5.0 onto the stage. Cobot’s will be part of Human Resource Management. This Paper aims to visualize the Futuristic HRM and to understand the Collaborative Robots performance with Human HR’s. In this study, we had discussed the possible issues related to human-robot collective functionality from the organizational and HRM perspective. We had also suggested the effective role of HR and Cobot HR while dealing with the human and machine employees. We believe that the issues identified in this study will pave way for many upcoming organizational robotics research studies.