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Age Management Practices and Benefits in Organisation: An Evaluation of the Effect of Economic Sector, Organisation Size, and Family Business Status Cover

Age Management Practices and Benefits in Organisation: An Evaluation of the Effect of Economic Sector, Organisation Size, and Family Business Status

Open Access
|Oct 2024

Abstract

Background

The ageing of the population impacts all areas and is also a challenge for human resources management. To solve this issue, age management practices are used in organisations. To get the best potential out of everyone, this concept should not only involve older employees but should be focused on all of them. Choosing the right practice to get the desired results is a task for managers.

Objectives

The paper aims to determine whether the sector of the economy, the size of the organisation, or the family business status plays a role in determining age management practices and observed benefits.

Methods/Approach

Using a questionnaire survey, the most commonly used practices and the observed benefits were identified. Using the chi-square test, differences in chosen categories were confirmed.

Results

It can be stated that choosing age management practices is influenced by the economic sector, and the size of the organisation influences observed benefits.

Conclusions

The results can guide organisations on which practices to choose and what benefits to expect from implementing age management practices.

DOI: https://doi.org/10.2478/bsrj-2024-0019 | Journal eISSN: 1847-9375 | Journal ISSN: 1847-8344
Language: English
Page range: 83 - 99
Submitted on: Jan 26, 2024
|
Accepted on: Jun 11, 2024
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Published on: Oct 10, 2024
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2024 Terezie Krestová, Aleš Kresta, Lucie Bestová, published by IRENET - Society for Advancing Innovation and Research in Economy
This work is licensed under the Creative Commons Attribution 4.0 License.