<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></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.

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

Croatian Review of Economic, Business and Social Statistics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Future economic growth and competitiveness will increasingly depend on how effectively employers can utilise their ageing workforces. To manage the inevitable...

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

Published Online: Dec 21, 2019

Page range: 76 - 89

Received: Oct 08, 2019

Accepted: Nov 28, 2019

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

Keywords
employee relations, leadership, older employees, structural equation modelling, work engagement, work satisfaction

© 2019 Maja Rožman et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

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

Published Online: Dec 21, 2019

Page range: 76 - 89

Received: Oct 08, 2019

Accepted: Nov 28, 2019

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

Keywordsemployee relations, leadership, older employees, structural equation modelling, work engagement, work satisfaction

© 2019 Maja Rožman et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
employee relations, leadership, older employees, structural equation modelling, work engagement, work satisfaction