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

Fabisiak, Jan; Prokurat, Sergiusz

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

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.

Keywords

demographics age management employment age-oriented strategy working practices

Citation

Fabisiak, J., Prokurat, S., Age Management as a Tool for the Demographic Decline in the 21 st Century: An Overview of its Characteristics. Journal of Entrepreneurship, Management and Innovation (JEMI), 2012, vol. 8, nr 4 : Contemporary Innovation and Entrepreneurship Concepts. Ed. by A. Ujwary-Gil, s. 83-96

URI

https://open.icm.edu.pl/handle/123456789/14230

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