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Ageing staff as a challenge for company personnel policies

Author

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  • Hartmut Buck

Abstract

Low birth rates and increasing life expectancy will lead to considerable changes in the age structures of the labour market. Hartmut Buck of the Fraunhofer Institute for Industrial Engineering IAO in Stuttgart comments on how the competitiveness and innovation potential of the German and European economy can be maintained and enhanced in face of a growing percentage of older employees. He argues that companies should face already today the challenge of the increasing average age of employees and take suitable measures. Enterprises that fail to develop sustainable concepts for dealing with ageing staff face the danger of weakened innovative strength and performance. Both enterprises and industry-wide organisations, such as chambers of commerce, federations and the collective-bargaining partners must prepare themselves for the effects of demographic change and develop strategies to support age-adequate work for their respective target audiences.

Suggested Citation

  • Hartmut Buck, 2004. "Ageing staff as a challenge for company personnel policies," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(14), pages 03-04, July.
    • Handle: RePEc:ces:ifosdt:v:57:y:2004:i:14:p:03-04
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    File URL: https://www.ifo.de/DocDL/ifosd_2004_14_1.pdf
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    Cited by:

    1. Verworn, Birgit & Hipp, Christiane & Schwarz, Doreen, 2007. "Gefährden alternde Belegschaften die Innovationsfähigkeit deutscher Unternehmen? Ergebnisse einer ersten kritischen Analyse," Working Paper Series 4, Brandenburg University of Technology (BTU Cottbus), Chair of Organization, Human Resource & General Management.

    More about this item

    JEL classification:

    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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