Original scientific paper

https://doi.org/10.2478/crebss-2019-0013

Multidimensional model of managing older employees: The case of financial service companies in Slovenia

Maja Rožman orcid.org/0000-0002-8546-4351 ; University of Maribor, Faculty of Economics and Business, Maribor, Slovenia
Vesna Čančer ; University of Maribor, Faculty of Economics and Business, Maribor, Slovenia

Abstract

Future economic growth and competitiveness will increasingly depend on how effectively employers can utilise their ageing workforces. To manage the inevitable changes in demographics, employers need to start preparing for an ageing workforce and developing strategies to manage and retain older employees. The main objective of this paper is to determine the impact of leadership and employee relations on work satisfaction of older employees, as well as to determine the impact of work satisfaction on the work engagement of older employees in financial service companies in Slovenia. To test the hypotheses, the authors used structural equation modelling. The results show that the effects of leadership and employee relations on work satisfaction in the case of older employees in financial service companies in Slovenia are positive, and the effect of work satisfaction on the work engagement of older employees is positive, too.

Keywords

employee relations; leadership; older employees; structural equation modelling; work engagement; work satisfaction

Hrčak ID:

229675

URI

https://hrcak.srce.hr/229675

Publication date:

12.12.2019.

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