AGE MANAGEMENT IN THE CONTEXT OF DEMOGRAPHIC CHANGES IN THE ECONOMY

Age management is a response to the demographic changes occurring in modern economies. Many predict a decrease in the number of active workers in the labor forces of many developed countries. This situation poses a serious threat to the stability of the current pension program. A shortage of workers could cause the pension program to collapse in the near future. Age management intends to take full advantage of the potential of employees of all ages, and increase their efficiency. From a microeconomic aspect, it brings tangible benefits to both employers and employees, providing an opportunity to enhance the competitiveness of enterprises. From a macroeconomic aspect, age management is conducive to the better adaptation of the regulations of a competitive economy and to the economic development of the country. In many countries, one of the main priorities of labor market policy is to increase the length of professional activity of elderly people. Age management in the company is considered to be an important factor contributing to the achievement of such goals. The purpose of this article is to show age management mechanisms in the context of demographic changes