Work values and aging workforce. a perspective on value orientations and motivations for post-retirement activities

Ardolino, Piermatteo and Noventa, Stefano and Cubico, Serena and Buziol, Patrizia and Favretto, Giuseppe and Moreno, Fiorentini and Crescentini, Alberto (2014) Work values and aging workforce. a perspective on value orientations and motivations for post-retirement activities. European journal of management, 14 (2). pp. 71-76. ISSN 1555-4015

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Abstract

Population ageing is not only linked to social or health problems, but it also concerns economic and HRM strategies and policies in work organizations. Elderly and retired workers are often still active and recent literature in social sciences has indeed focused on the management and motivation of ageing workforce. The present work aims to explore the relationships between reasons to stay active and the work values of elderly workers, by examining how value orientations affect the reasons behind post-retirement activity. A questionnaire was administered to a sample of 480 north-Italian elderly, retired from different jobs who continued to work. Part of questionnaire adopted the Work Important Study/Work Values Scale (WIS/SVP) to explore the work values of aging workforce. As a result, people in retirement appear to be moved mainly by reasons of social connections and usefulness. More personal dimensions related to the need of being appreciated, self-realized, or the need of keep themselves active and busy are considered less important. Interestingly, financial reasons and work continuity are considered not important. In addition, work values and value orientations influence to various degrees these motivations to stay in activity after formal retirement. These findings suggest that HRM practices and policies, capable of motivating older workers to continue to work, should address social and relational issues rather than financial related aspects or continuous career development.

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