Best Practices in the Employment of Knowledge Workers 65 and Over and the Benefits of Employing Them (An Empirical Approach)

Abstract

This paper addresses the issue of the employment of knowledge workers aged 65 and over. It recognizes the inherent value in business organizations, maximizing the use of human resources, as well as the potential for mutual benefit(s) between this age group and the businesses that employ and seek to employ them. It examines how organizations feel about the ways by which practices which utilize the skills of this age group may coincide with their entrepreneurial strategy. Ultimately, this paper aims to shed light on ways that may facilitate the use of the best practices of these knowledge workers by business organizations. The research seeks to obtain answers to the questions: which practices in the employment of knowledge workers 65 and over can be used (i.e., which are available?); which (according to entrepreneurs and executives) are actually used; and, more explicitly, given the high amounts of social capital existing in the age group studied and the resulting potential for such things as knowledge transfer and enhancement of strategic decisions, which benefits does the company receive as a result of employing knowledge workers aged 65 and over?