AbstractDue to demographic changes in society and the labor market in the European Union in the future there is expectation of major shortage of managers and specialists in certain professions. Therefore it will be necessary focus not only on the potential of young talents, but also categories of aging employees, which have lately been considered unpromising. Ability to retain workers in employment, to enhance sustainable performance and manage generational mix of staff requires a cultural change as well as changing practices of human resource management. It has requires to approach to managing holistically, but also individually. The solution to this problem is human resource management oriented on life phases that will provide employees t...