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It Is Time To Realize Generations Matter On The Labour Market. Interesting Facts About Generations In The Workplace

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  • PRUND Cristina

    (Lucian Blaga University of Sibiu)

Abstract

We live in a world where companies are directly affected by a series of changes. The paper aims to analyze the impact that the demographic factor has on companies with an emphasis on the labour market. From this perspective, the article will highlight the accelerated changes among generations. The objectives of the paper are as follows: (1) To analyze the characteristics of each generation - in relation to the theories existing in the literature at the moment and (2) to present a comparison between generations regarding personal and professional characteristics. The methodology used for this study is based on secondary data collection and analysis. Until now, studies have only shown the general aspects regarding generations. There are only a few studies that have begun to explore this area but they are not focusing on generations in the labour market. The preliminary results of the study are correlated to the need of understanding a multigenerational workforce as well as to position the human resource at the central level in terms of developing and implementing HR policies within companies.

Suggested Citation

  • PRUND Cristina, 2021. "It Is Time To Realize Generations Matter On The Labour Market. Interesting Facts About Generations In The Workplace," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 73(1), pages 88-100, March.
    • Handle: RePEc:blg:reveco:v:73:y:2021:i:1:p:88-100
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/73108prund.pdf
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    References listed on IDEAS

    as
    1. Cruz, Marcio & Ahmed, S. Amer, 2018. "On the impact of demographic change on economic growth and poverty," World Development, Elsevier, vol. 105(C), pages 95-106.
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    More about this item

    Keywords

    generations; generational differences; motivation; employee;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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