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Challenges and opportunities for older workers in the labor market
Introduction: The world population is growing and aging faster than it used to. Due to the long-term trend of low birth rates and longer life expectancy, we are experiencing an accelerated aging process in Europe and its consequences in certain areas of life. Thus, the demographic trends of aging are already affecting the labor market. In the absence of manpower, companies will have to face more and more senior employees more often, which will present a major human resource challenge for employers, while also being an opportunity to improve the employability of older people and increase their work activity. Methods: A descriptive research method of reviewing the scientific and professional literature in the field of population aging was used, using the synthesis method to summarize the main findings, and to compare the situation in Slovenia with the European Union. Results: A systematic review of the literature shows that older employees want partial retirement opportunities, reduced workloads, a friendly return to work, the possibility of internal job mobility and fewer working hours. How to engage and retain older workers in the labor market is a problem that is addressed by age management. However, despite several years of calls for implementation, it has been little used in practice. Conclusion: It is encouraging that national authorities are aware of and receive considerable attention in the form of various strategies, working papers, and reports. The frequency of use in practice is more questionable, but it should be emphasized that individual companies can already boast of good practice examples.