Abstract
In this paper, we intended to analyze the consequences of an aging workforce. The main research question was formulated as follows: what results of aging workforce appear in organizations in the Baltic States? The paper considered the following implications of the aging workforce: a demand for age-specific Human Resources (HR) practices, an increase in labor productivity and decrease of innovativeness. The author fielded a representative questionnaire survey of chief executive officers (CEOs) in 102 organizations across the Baltic States and found out that the majority of CEOs do not identify the aging workforce as an essential concern. It was found out that age-specific HR practices are scarce in the Lithuanian, Latvian, and Estonian organizations. CEOs of organizations operating in the Baltic States tend to think that younger employees are more productive and more innovative than their older co-workers.
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