How Does Digital Transformation Promote the Upgrading of Enterprise Human Capital Structure
With the diversified application of digital technologies,digital transformation plays a vital role in enhancing the value of Chinese enterprises,and is also an important way to achieve high-quality economic development.The"14th Five-Year Plan"clearly proposes to accelerate digital development,deepen the application of digital technology in all aspects and fields,and continue to promote the digital transformation of enterprises.On this basis,the"14th Five-Year Plan"national informatization plan has been formulated,putting the construction of digital transformation and development system in an increasingly important position,taking the real economy as the focus of economic development,and trying to transform the advantages of digital transformation into the improvement of economic benefits and core competitiveness of enterprises.With the continuous deepening of the digital transformation process of enterprises,employees'ability to use advanced digital technologies and process massive data will also be improved,and then become the software support for human capital of enterprises.At the same time,the demand for skilled and highly educated people is also increasing.Digital transformation is related to the upgrading of human capital structure of enterprises,and it is also an important engine to promote economic and social development.Based on the data of listed companies from 2011 to 2021,this paper uses the method of machine learning to measure the degree of digital transformation of enterprises,and empirically tests the impact of digital transformation on human capital structure of enterprises and the transmission mechanism.The results show that digital transformation significantly improves the human capital structure of enterprises,and there is a certain degree of heterogeneity.Specifically,it is more pronounced for non-manufacturing enterprises,information transmission,software and information technology service industries and enterprises with small income per capita.At the same time,the endogeneity and robustness tests were carried out by means of multi-period multiple difference method and instrumental variable method,and the conclusion was still valid.The transmission mechanism shows that digital transformation mainly realizes the upgrading of the internal human capital structure of enterprises by exerting the effect of technological progress,fair competition and scale expansion.The research in this paper is helpful for enterprises to carry out talent strategic layout and form an important fulcrum for talent development.At the same time,it also provides micro-evidence for digital transformation to promote the optimization of human capital structure,and provides relevant enlightenment for the formulation of digital-strategy-related policies and high-quality economic development in the new era.First,the government should continuously improve the construction of digital education infrastructure for all,coordinate the existing education programs,platforms and resources,and build a talent platform that better meets the current market demand.Enterprises should empower traditional employees for digital transformation,organize employees to learn digital transformation methodology,and promote enterprises to build digital transformation paths with their own characteristics.Second,the government should guide enterprises to cultivate innovation scenarios in key links,while providing innovation platforms,increasing research and development investment,and implementing targeted transformation support policies for different enterprises.Third,the government should optimize the distribution pattern among factors such as capital,technology,labor and management,increase the income of skilled labor groups,and improve the bargaining power of compound and innovative talents in the labor market.Enterprises should firmly organize the salary evaluation scheme,so that the salary structure can truly reflect the value of skills.Fourth,in response to the tide of digital transformation,enterprises should pay more attention to the use of advanced technology to improve their own value,and fundamentally grasp the decisive factor of attracting talent.
digital transformationhuman capital structuretechnological progressfair competitionscale expansion