Dealing with an ageing workforce: current and future implications

Dealing with an ageing workforce: current and future implications Purpose – The purpose of this paper is to examine the reason for, and outcomes of, the New South Wales Land and Property Authority's (Lands) Vision 2013 plan designed to deal with a perceived impending human capital crisis in light of a rapidly ageing workforce. The research questions examined are “Did the perceived crisis eventuate?” and “What was the impact of implementing the plan to combat the threat of an ageing workforce?” Design/methodology/approach – Using a case study approach, the paper incorporates semi‐structured interviews, planning papers and annual reports to critically examine the impact of implementing the Vision 2013 plan. Lands was chosen because in 2005 the ageing workforce issue motivated Lands to investigate how it would successfully manage organisational knowledge then and into the future. With the purpose of promoting discussion and critical reflection, we examine how Lands addressed the perceived crisis and the impact it had on the management of knowledge and human capital. Findings – The ageing workforce crisis appears not to have been as significant as anticipated because of the combination of improved processes and training of new employees, allowing for knowledge transfer, making some old knowledge redundant and creating new knowledge. However, a gap exists between the new processes and tacit knowledge that can only be filled through experience. While the ageing workforce crisis seems to have abated, a new crisis of retention looms on the horizon. Research limitations/implications – The paper provides a longitudinal example of how a particular employer dealt with the threat of knowledge loss due to the retirement of older workers. It demonstrates that the threat cannot only be thwarted but can also help drive system and process improvements. The lessons learned, the authors argue, can be generalised to the public and private sector; however, they must be tempered within specific local, national and international contexts. Originality/value – The paper provides a longitudinal observation of a public sector government business enterprise's implementation of a plan to address the issue of an ageing workforce. Many contemporary organisations face this issue so the results of the case study will be of value to those facing similar challenges. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Human Resource Costing & Accounting Emerald Publishing

Dealing with an ageing workforce: current and future implications

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Publisher
Emerald Publishing
Copyright
Copyright © 2011 Emerald Group Publishing Limited. All rights reserved.
ISSN
1401-338X
DOI
10.1108/14013381111178578
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to examine the reason for, and outcomes of, the New South Wales Land and Property Authority's (Lands) Vision 2013 plan designed to deal with a perceived impending human capital crisis in light of a rapidly ageing workforce. The research questions examined are “Did the perceived crisis eventuate?” and “What was the impact of implementing the plan to combat the threat of an ageing workforce?” Design/methodology/approach – Using a case study approach, the paper incorporates semi‐structured interviews, planning papers and annual reports to critically examine the impact of implementing the Vision 2013 plan. Lands was chosen because in 2005 the ageing workforce issue motivated Lands to investigate how it would successfully manage organisational knowledge then and into the future. With the purpose of promoting discussion and critical reflection, we examine how Lands addressed the perceived crisis and the impact it had on the management of knowledge and human capital. Findings – The ageing workforce crisis appears not to have been as significant as anticipated because of the combination of improved processes and training of new employees, allowing for knowledge transfer, making some old knowledge redundant and creating new knowledge. However, a gap exists between the new processes and tacit knowledge that can only be filled through experience. While the ageing workforce crisis seems to have abated, a new crisis of retention looms on the horizon. Research limitations/implications – The paper provides a longitudinal example of how a particular employer dealt with the threat of knowledge loss due to the retirement of older workers. It demonstrates that the threat cannot only be thwarted but can also help drive system and process improvements. The lessons learned, the authors argue, can be generalised to the public and private sector; however, they must be tempered within specific local, national and international contexts. Originality/value – The paper provides a longitudinal observation of a public sector government business enterprise's implementation of a plan to address the issue of an ageing workforce. Many contemporary organisations face this issue so the results of the case study will be of value to those facing similar challenges.

Journal

Journal of Human Resource Costing & AccountingEmerald Publishing

Published: Sep 6, 2011

Keywords: Australia; Ageing workforce; Demographics; Human capital; Knowledge management; Public sector; Government business enterprise

References

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