Age Management as a Tool for the Demographic Decline in the 21st Century: An Overview of its Characteristics Cover Image

Age Management as a Tool for the Demographic Decline in the 21st Century: An Overview of its Characteristics
Age Management as a Tool for the Demographic Decline in the 21st Century: An Overview of its Characteristics

Author(s): Sergiusz Prokurat, Jan Fabisiak
Subject(s): Economy
Published by: Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione"
Keywords: demographics; age management; employment; age-oriented strategy; working practices

Summary/Abstract: This paper sets out to study recent developments in the relatively new area in management theory - Age Management. First the general labor and financial market conditions are specified which have led to the growing need of an age-oriented strategy for employment in the company. Next the concept of Age Management is defined, both from the macro, enterprise-level and individual perspectives. The next section studies the benefits derived from implementing Age Management for the company and its employees, followed by a section on specific Age Management tools and measures. The penultimate section explores the prerequisites for successful implementation. This paper finds that Age Management as a concept is gaining ground, predominantly in managing and retaining near-retirement-age workers. Concluding, we find that there is a significant need for more comprehensive Age Management and effective Age Management measures to maintain firms’ and economies’ competitiveness in the face of demographic decline.

  • Issue Year: 8/2012
  • Issue No: 4
  • Page Range: 83-96
  • Page Count: 14
  • Language: English