Article

Aging, Retirement, and Human Resources Management: A Strategic Approach

Barbara L. Rau and Gary A. Adams

in The Oxford Handbook of Retirement

Published in print October 2012 | ISBN: 9780199746521
Published online November 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199746521.013.0054

Series: Oxford Library of Psychology

Aging, Retirement, and Human Resources Management: A Strategic Approach

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This chapter introduces the organizational view of retirement by exploring the relationship between organizational strategy and human resource management decisions regarding retirement. The authors begin with an overview of organizational strategy and discuss two methods used to plan for an aging and retiring workforce. Several key human resource decisions related to retirement are then addressed. In the pre-retirement phase, the role of HR in helping employees to prepare for retirement is discussed, focusing primarily on financial planning and other retirement-related benefits. Next, human resource decisions pertaining to managing a retirement-ready workforce are discussed, addressing specifically the issues of knowledge transfer and motivating performance. Finally, interactions with individuals after retirement are discussed by looking at recruitment and bridge employment.

Keywords: aging workforce; human resources strategy; organizational strategy; retirement; strategic human resources management; bridge employment; retirement benefits; succession planning; retirement planning; recruitment; knowledge management

Article.  14397 words. 

Subjects: Psychology ; Organizational Psychology ; Social Psychology

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