Human resource management is one of the key factors in the productivity, growth and value of companies in which knowledge plays a key role. However, especially the shrinking of industrialized societies, in which the population is ageing rapidly, will dramatically influence the structure of the...

As a consequence of the demographic change, the workforce is aging and shrinking at the same time. Based on the resource-based view of the firm, we discuss implications for innovation and human resource management in SMEs. A review of the literature and empirical studies show that a shortage of...