Impact of Formal Education on the Age Management Concept in Industrial Enterprises

Abstract

The current situation at the labor market is associated with the negative trend of the demographic curve and related with the aging of the workforce and lack of young labor force. One of the ways that allows to deal with mentioned problem is the concept of Age management. Age management deals with the management of the workforce with regard to the age and potential of employees and it is comprehensively based on the eight pillars that form the framework of the whole concept. The main aim of the article is to present the results of the impact of formal education on the Age management concept in industrial enterprises. The research sample consisted of n = 275 respondents. The respondents were employees of industrial enterprises located in Slovakia. The collected data were evaluated using available tools, especially in MS Excel software using histograms and pie diagrams and through the evaluation of pairwise comparisons. Research has shown that employees who have completed different levels of formal education perceive the importance of the Age management pillars in different ways. Employees who have completed high school (with and without graduation) and employees with university master degree perceive “Satisfied life” as the most important pillar. Employees with university bachelor degree perceived as the most important pillar “Ensuring good work ability and motivation”. Pillar “Good organization of work” is perceived as the most important among employees who have completed university doctorate degree.