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

Rožman Maja () and Čančer Vesna ()
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Rožman Maja: University of Maribor, Faculty of Economics and Business, Maribor, Slovenia
Čančer Vesna: University of Maribor, Faculty of Economics and Business, Maribor, Slovenia

Croatian Review of Economic, Business and Social Statistics, 2019, vol. 5, issue 2, 76-89

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 (search for similar items in EconPapers)
JEL-codes: C38 J24 (search for similar items in EconPapers)
Date: 2019
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