Workforce ageing issue and its management in Baltic States

Abstract

In this paper, we intended to analyze consequences of aging workforce. The main research question was formulated as follows: what results of aging workforce appear in organizations in Baltic States? The paper considered the following implications of aging workforce: a demand of age-specific HR practices, increase in labor productivity and decrease of innovativeness. Author fielded a representative questionnaire survey of chief executive officers (CEOs) in 102 organizations across Baltic States and found out that majority of CEOs do not identify the aging workforce as an essential concern. It was found out that age-specific HR practices are scarce in Lithuanian, Latvian and Estonian organizations. CEOs of organizations operating in Baltic States tend to think that younger employees are more productive and more innovative than their older co-workers.