IMPROVING SUSTAINABILITY OF HUMAN RESOURCES THROUGH PENSION SYSTEM EXTENSION
IMPROVING SUSTAINABILITY OF HUMAN RESOURCES THROUGH PENSION SYSTEM EXTENSION

Author(s): Jan Mertl, Radim Valenčík
Subject(s): Labor relations, Human Resources in Economy, Socio-Economic Research
Published by: Masarykova univerzita nakladatelství
Keywords: pension systems; statutory retirement age; merit-based pension system; productive employment;
Summary/Abstract: Recent development has been characterized by low fertility, prolonging human life and possibly flexible working career. In addition, intergenerational issues and teamwork are crucial for business performance. This creates new issues for human resource management, since the people should work longer and social systems including pension one have to be set in such a way that they support this behaviour. Because recent efforts to innovate pension systems empirically failed, we suggest new motivation strategies to cope with the described development within social systems. Therefore, we present in this paper the postgraduate pension system extension as a new component of pension system. We construct a model of this extension and then discuss its impact for current socioeconomic environment and sustainability of human resources throughout lifelong career.

• Details
• Contents