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Discussion and Implications

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Changing Age and Career Concepts in the Austrian Banking Industry

Part of the book series: Contributions to Management Science ((MANAGEMENT SC.))

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Abstract

The present study contributes to this field of research by investigating the impact of age on middle-agers’ careers in the highly dynamic and changing context of the Austrian Banking industry. Although it was found that positive age stereotypes prevail in the Austrian banking industry up to the age of 50 years, above the age of 50 contextual factors re-inforce negative stereotypes. Although middle-agers refer to themselves as being in the prime labour age, there is a clear discrepancy between “Talk” and “Action”, shown by implicit career timetables in the Austrian Banking industry. Moreover, gendered ageism was evident for middle-aged women, particularly through implicit career timetables and the prevalent traditional career concepts.

Overall, the findings of this study support the call for a more age-conscious Human Resource Management, a change in attitudes towards ageing as well as improvement of managers’ and supervisors’ knowledge level in age-related issues, better age-adjusted and flexible working environments, and finally career development for all age groups.

The final section of this chapter addresses the limitations of this study and measures undertaken to manage these.

Concluding, the findings of the present study point to a number of recommendations for future research on the interplay between age and careers in today’s organisations.

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  1. Department of Management, University of Applied Sciences for Management & Communication, Vienna, Austria

    Barbara Marina Covarrubias Venegas

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Covarrubias Venegas, B.M. (2019). Discussion and Implications. In: Changing Age and Career Concepts in the Austrian Banking Industry. Contributions to Management Science. Springer, Cham. https://doi.org/10.1007/978-3-030-22609-1_6

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