Abstract
Research background: The globalization affects the labour requirements. Therefore, it is important to distinguish, for example, the composition of the workforce in terms of age. The ageing population is a global problem and labour shortages in the labour market force employers to address the diversity of the age structure of their current as well as potential employees. Purpose of the article: The goal of the article is to compare the importance of motivational factors of different age groups of employees. The conclusion of the article also compares the significance of factors in terms of the age structure of employees. Methods: In the article, the method of analysis of available resources was used. Then the method of synthesis was used in finding out the connection between the resources. The sample of employees is divided into groups according to age categories. By using factor analysis, the factors affecting them are identified for each age group of employees. Primary research, as a basis for factor analysis, was carried out using a questionnaire. Findings & Value added: Motivation is one of the key elements of human resource management. It can contribute to increasing employee performance and satisfaction. It is essential to the effective functioning of each organization and achievement of strategic goals. By knowing the preferences and values of employees, the article can bring recommendations for improving the current motivation systems in organizations. This can contribute to the efficient use of employers´ money they spend on employee benefits.
Highlights
Todays world is characterized by globalization; development is accelerating and labour and technology markets are rapidly changing [1]
This applies to human resource management
According to Khan, globalization has a strong impact on formal motivational and strategic human resource practices
Summary
Todays world is characterized by globalization; development is accelerating and labour and technology markets are rapidly changing [1]. In todays competitive environment and global world, where the boundaries have disappeared as a result of the continuous development in communication and technology, the attitudes and behaviours of the employees in their organizations are becoming more important [4]. Employers need to understand the complexities of their workforce and how to maximize its potential [7] They realize that properly motivated and satisfied employees can ensure the organizations long-term prosperity and efficient operation
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