Idiosyncratic deals for older workers: increased heterogeneity among older workers enhance the need for i-Deals

Bal, P. Matthijs and Jansen, Paul G. W. (2015) Idiosyncratic deals for older workers: increased heterogeneity among older workers enhance the need for i-Deals. In: Aging Workers and the Employee-Employer Relationship. Springer, pp. 129-144. ISBN 9783319080062, 9783319376684, 9783319080079

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Abstract

The rapid aging of the workforce throughout the Western world and parts of Asia,
including Japan and China, poses many challenges on contemporary organizations
(European Commission, 2010 ; Wang & Shultz, 2010 ). The Babyboom generation,
consisting of workers born between 1945 and 1965, constitutes a large part of the
current workforce. Due to decreased fertility rates, there are fewer younger workers
entering the labor market, as a consequence of which the percentage of older workers
is rapidly increasing (Truxillo & Fraccaroli, 2013 ). Consequently, organizations are
increasingly aware that the employee population is changing, and that strategies to
employ, motivate, and retain workers have to be adapted accordingly. It is no longer
suffi cient for organizations to focus on employing younger workers (e.g., through
designing traineeships for graduates), because the infl ux of younger workers in the
labor market is stagnating, which is in particular present in certain sectors, such as
technical occupations and health care (Polat, Bal, & Jansen, 2012 ). Hence, organizations
increasingly will have to rely on older workers, and try to retain older
workers, and motivate them to stay longer in the workforce. Similarly, governments
across Europe are also increasing offi cial retirement ages, and making it fi nancially
less attractive for older workers to retire early (European Commission).

Keywords:Older Workers, Aging, Heterogeneity, I-deals, Individualization
Subjects:N Business and Administrative studies > N200 Management studies
Divisions:Lincoln International Business School
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http://purl.org/dc/terms/isPartOfhttp://eprints.lincoln.ac.uk/24768/
ID Code:24769
Deposited On:28 Oct 2016 09:33

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