Extending the careers of older workers: the role of individual working agreements

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

An ageing population is a characteristic shared by many developed economies. One obvious consequence of this trend is an increase in the number of older workers. Age equals knowledge, skills and experience. So, given the value of these qualities in the workplace, firms should continue to utilize what such individuals have to offer. Insightful organizations realize this and have begun to devise certain human resource practices with their more senior employees in mind. But results have been inconsistent thus far. This suggests that a different strategy is required. It is normal for people's needs to change as they get older. With age comes heterogeneity. Now this should be noted within the workplace as well as outside of it. In the light of such knowledge, perhaps a more targeted approach could be of greater benefit to senior members of staff.

Practical implications

The paper provides strategic insights and practical thinking that have influenced some of the world's leading organizations.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

Cole, G. (2016), "Extending the careers of older workers: the role of individual working agreements", Human Resource Management International Digest, Vol. 24 No. 6, pp. 24-26. https://doi.org/10.1108/HRMID-06-2016-0083