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Ageing Workforce's Impact on Modern Organizations: How to Extend Working Lives?

In: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Hybrid Conference, Dubrovnik, Croatia, 4-6 September, 2023

Author

Listed:
  • Debelak, Katja
  • Grah, Barbara
  • Penger, Sandra

Abstract

The ageing workforce is a growing concern for modern organisations as the proportion of older workers in the labour force continues to increase. This phenomenon has significant implications for the functioning and performance of organisations. On the one hand, older workers bring valuable skills and experience to the workplace, which can benefit the organisation. However, on the other hand, the ageing workforce also poses several challenges, including issues related to health, productivity, and retirement. This paper examines the impact of an ageing workforce on modern organisations. The paper aims to provide a comprehensive understanding of the demographic trends driving the ageing of the workforce and the potential benefits and challenges that an ageing workforce presents to organisations. The methodology used in this paper is a literature review of existing research on the ageing workforce and its impact on organisations. The literature review is conducted to identify key trends, patterns, and themes related to the ageing workforce and its impact on organisations. In conclusion, the paper also points out that the ageing workforce is a complex issue that presents benefits and challenges for modern organisations. Therefore, organisations must develop strategies to manage the ageing workforce that are inclusive and effective, support and retain older workers, and ensure their business's long-term success.

Suggested Citation

  • Debelak, Katja & Grah, Barbara & Penger, Sandra, 2023. "Ageing Workforce's Impact on Modern Organizations: How to Extend Working Lives?," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2023), Hybrid Conference, Dubrovnik, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Hybrid Conference, Dubrovnik, Croatia, 4-6 September, 2023, pages 166-180, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    • Handle: RePEc:zbw:entr23:302079
    DOI: 10.54820/entrenova-2023-0016
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    References listed on IDEAS

    as
    1. Bloom, David E. & McKenna, Matthew J. & Prettner, Klaus, 2018. "Demography, Unemployment, Automation, and Digitalization: Implications for the Creation of (Decent) Jobs, 2010–2030," IZA Discussion Papers 11739, Institute of Labor Economics (IZA).
    2. John Bongaarts & Zachary Zimmer, 2002. "Living Arrangements of Older Adults in the Developing World," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 57(3), pages 145-157.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    ageing; organisational development; age-management; HR strategy; working life;
    All these keywords.

    JEL classification:

    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
    • J5 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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