AGEING WORKFORCE IN ROMANIA - PERSPECTIVES OF AGEING WORKFORCE POLICIES IN EAST EUROPEAN COUNTRIES -

Radu Florea ()
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Radu Florea: University of Bucharest

Annals of Faculty of Economics, 2016, vol. 1, issue 1, 30-35

Abstract: This paper tries to encompass the effects that modern industrialization of East European countries has one the working population over the age of 50. Policies and procedures that multinational corporations have proved to be difficult to follow for the ageing population in Romania; the fact that western companies have introduced specific procedures on performance appraisal and organizational development is proven to be hard to understand and follow by the ageing population of Romania. One of the core topics of the paper discusses the effects that different cultural perspectives-between Western corporations and the human capital from East European countries- may have on the ageing workforce. The fact that Western corporations are becoming an important presence in Romania’s national economy can cause major social problems for workers over the age of 50 because of the aforementioned cultural differences. Western companies generally have specific working methodologies which need to be internalized by their personnel. Considering the fact that Romania is mainly an ageing country, Western corporations depend on workers over the age of 50. In this regard, foreign companies need to adapt their training programs and general working procedures for them to be understood by workers that are accustomed to other organizational systems. As mentioned in the paper, unemployment rate remains constant for workers over the age of 50, but their performance declines compared to other age categories. This aspect shows that, even if workers over the age of 50 manage to keep their current position in a Western company, they do not excel in their tasks, relying heavily on cultural values that companies may enlist, like the promotion of retirement from the company. Adapting Romania’s ageing workforce to the standards of multinational corporations represents a key element in obtaining sustainable growth and encouraging companies to locate an operational branch in the country.

Keywords: ageing workforce; working population; collective mentality (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2016:i:1:p:30-35

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