To be prepared to face the problems associated with the demographic change, the First Bank in Austria launched the program LIFETIME. LIFETIME aimed to create age-appropriate working and development conditions for all employees in order to secure long term job satisfaction and motivation. Erste Bank and Sparkassen are among the largest banks in Austria. By demographic change, the company is affected in two ways. Firstly, in 2014 three quarters of the employees could have a be over 40 years old, which could have negative effects to the productivity of the company without changing personnel policies. Secondly, the clientele is aging as a whole - and thus potentially alter the structure of demand.
Level of Education: Continuing vocational education and training
Lead Organisation: Erste Bank und Sparkassen