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Title: :  HR strategies for managing aging employees and retirement planning
PaperId: :  24971
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 3 Issue 3 2017
DUI:    16.0415/IJARIIE-24971
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Hegde Lata NarayanAssistant Professor, Department of Commerce, Government First Grade College, Kapu – 574108, Udupi District

Abstract

Commerce and Management
Aging workforce, Retirement planning, HR strategies, Knowledge transfer, Age-inclusive policies, Workforce planning
This conceptual and theoretical research paper explores human resource (HR) strategies for managing aging employees and retirement planning, emphasizing the growing importance of addressing workforce aging as organizations face demographic shifts driven by increased life expectancy and declining birth rates, which have created a more aged and experienced workforce that presents both opportunities and challenges for employers; HR professionals must adopt strategies that balance the need to retain valuable skills and knowledge with the practical implications of aging, including declining physical abilities and cognitive changes, thus requiring a comprehensive approach that includes flexible work arrangements, phased retirement options, lifelong learning, and career transition planning to accommodate the diverse needs of older employees while maintaining organizational productivity; the paper examines the concept of the "aging workforce" through a theoretical lens, considering the implications for organizational performance, employee engagement, and workplace culture, and drawing on existing HR literature up to May 2017 to analyze key strategies such as the implementation of age-inclusive HR policies, knowledge transfer programs to bridge potential skill gaps between generations, and the role of technology in supporting older workers in adapting to evolving job demands; in addition, retirement planning is discussed as a crucial component of HR strategy, with a focus on how organizations can design tailored retirement programs that not only support employees’ financial and emotional well-being but also align with business objectives, ensuring smooth transitions and reducing the risk of talent shortages due to abrupt retirements; the paper emphasizes the importance of strategic workforce planning, which includes assessing future workforce needs, identifying roles most impacted by aging demographics, and ensuring succession planning is aligned with retirement trends; it also addresses potential biases and stereotypes associated with older employees, proposing solutions for creating an age-friendly work environment that fosters intergenerational collaboration and reduces age-related discrimination, thereby promoting a culture of inclusivity and engagement, ultimately contributing to organizational sustainability in a global economy increasingly shaped by an aging population.

Citations

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IJARIIE Hegde Lata Narayan. "HR strategies for managing aging employees and retirement planning" International Journal Of Advance Research And Innovative Ideas In Education Volume 3 Issue 3 2017 Page 4224-4236
MLA Hegde Lata Narayan. "HR strategies for managing aging employees and retirement planning." International Journal Of Advance Research And Innovative Ideas In Education 3.3(2017) : 4224-4236.
APA Hegde Lata Narayan. (2017). HR strategies for managing aging employees and retirement planning. International Journal Of Advance Research And Innovative Ideas In Education, 3(3), 4224-4236.
Chicago Hegde Lata Narayan. "HR strategies for managing aging employees and retirement planning." International Journal Of Advance Research And Innovative Ideas In Education 3, no. 3 (2017) : 4224-4236.
Oxford Hegde Lata Narayan. 'HR strategies for managing aging employees and retirement planning', International Journal Of Advance Research And Innovative Ideas In Education, vol. 3, no. 3, 2017, p. 4224-4236. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/HR_strategies_for_managing_aging_employees_and_retirement_planning_ijariie24971.pdf (Accessed : 10 March 2025).
Harvard Hegde Lata Narayan. (2017) 'HR strategies for managing aging employees and retirement planning', International Journal Of Advance Research And Innovative Ideas In Education, 3(3), pp. 4224-4236IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/HR_strategies_for_managing_aging_employees_and_retirement_planning_ijariie24971.pdf (Accessed : 10 March 2025)
IEEE Hegde Lata Narayan, "HR strategies for managing aging employees and retirement planning," International Journal Of Advance Research And Innovative Ideas In Education, vol. 3, no. 3, pp. 4224-4236, May-Jun 2017. [Online]. Available: https://ijariie.com/AdminUploadPdf/HR_strategies_for_managing_aging_employees_and_retirement_planning_ijariie24971.pdf [Accessed : 10 March 2025].
Turabian Hegde Lata Narayan. "HR strategies for managing aging employees and retirement planning." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 3 number 3 (10 March 2025).
Vancouver Hegde Lata Narayan. HR strategies for managing aging employees and retirement planning. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2017 [Cited : 10 March 2025]; 3(3) : 4224-4236. Available from: https://ijariie.com/AdminUploadPdf/HR_strategies_for_managing_aging_employees_and_retirement_planning_ijariie24971.pdf
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