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

Author

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  • Jan Fabisiak
  • Sergiusz Prokurat

    (Wyższa Szkoła Gospodarki Euroregionalnej w Józefowie)

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.

Suggested Citation

  • Jan Fabisiak & Sergiusz Prokurat, 2012. "Age Management as a Tool for the Demographic Decline in the 21st Century: An Overview of its Characteristics," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 8(4), pages 83-96.
    • Handle: RePEc:aae:journl:v:8:y:2012:i:4:p:83-96
    DOI: 10.7341/2012846
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    References listed on IDEAS

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    1. Sanders Korenman & David Neumark, 2000. "Cohort Crowding and Youth Labor Markets (A Cross-National Analysis)," NBER Chapters, in: Youth Employment and Joblessness in Advanced Countries, pages 57-106, National Bureau of Economic Research, Inc.
    2. Bassanini, Andrea & Booth, Alison L. & Brunello, Giorgio & De Paola, Maria & Leuven, Edwin, 2005. "Workplace Training in Europe," IZA Discussion Papers 1640, Institute of Labor Economics (IZA).
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    Cited by:

    1. Natália Vraňaková & Zdenka Gyurák Babeľová & Andrea Chlpeková, 2021. "Sustainable Human Resource Management and Generational Diversity: The Importance of the Age Management Pillars," Sustainability, MDPI, vol. 13(15), pages 1-18, July.
    2. Fornalczyk Agnieszka & Stompór-Świderska Jagoda & Ślazyk-Sobol Magdalena, 2015. "Age Management within Organizations – Employees’ Perceptions of the Phenomenon – Research Report," Journal of Intercultural Management, Sciendo, vol. 7(3), pages 39-51, September.
    3. Jiří Bejtkovský, 2016. "The Age Management philosophy and the concept of Work-life balance in the selected Czech banking institutions," European Journal of Business Science and Technology, Mendel University in Brno, Faculty of Business and Economics, vol. 2(1), pages 32-42.
    4. ÇiÄŸdem Sıcakyüz & Oya Hacire Yüregir, 2020. "Exploring resistance factors on the usage of hospital information systems from the perspective of the Markus’s Model and the Technology Acceptance Model," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 16(2), pages 93-131.
    5. Fernández Fernández, José Luis & Camacho Ibáñez, Javier & Díaz de la Cruz, Cristina & Gil, Bernardo Villazán, 2021. "How can ‘orare et laborare’ guide the person-technology relationship during the Fourth Industrial Revolution?," Technology in Society, Elsevier, vol. 67(C).

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