Jan Fabisiak, Jan Fabisiak, M.A., Economist, This email address is being protected from spambots. You need JavaScript enabled to view it.. 
Sergiusz Prokurat, Sergiusz Prokurat, M.A, Economist, Wyższa Szkoła Gospodarki Euroregionalnej w Józefowie, This email address is being protected from spambots. You need JavaScript enabled to view it..

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.