Tackling the Challenges of an Aging Workforce and Waning Interest in the Automotive Industry in Slovakia

Abstract

The thesis focuses on two main effects that is being observed by many employers in Slovakia and Europe in general. These effects influence wide variety of industries but are especially tangible in the automotive industry. One of them is the aging workforce, that is proven to be experienced by nearly all the European countries in the theoretical part of the thesis. The other one is the waning interest of the employees in the Automotive industry, which is especially present in Slovakia. The thesis further explores the criticality of the employee engagement strategies in the employeeretention process.The applied part of the thesis focuses on a comprehensive employee survey, that is focused on identifying the key pain points of the employees with a focus on the possible increase of the employee engagement. Based on the survey results, the applied part continues with a suggestion of various initiatives that are aimed at eliminating of the root causes of the dissatisfaction. The final part of the thesis provides a first glance that the early results from these actions where the company already can quantify the impact on unwanted turnover of the employees as well as notable increase in the job applications per job advertisement.The thesis not only addresses the challenges that many of the employer’s face or will face withing the upcoming decades, but also highlights the importance of company culture and employee engagement on the stability of personnel in the company. The study provides practical recommendations for sustaining of the applied efforts as well as identifies the potential areas for further studies and research. The research contributes with insights into the role of targeted engagement strategies in the area of workforce stability and increasing interest in the company, suggesting that such actions have a direct impact on increased organizational success.