Trend data show a high proportion of the public sector workforce in developed countries to be approaching retirement. Changes in the organization of the public sector arising from market forms of governance after 1980 resulted in a less stable and de-professionalized workforce. This change in the type of workforce is coterminous with the practice of new public managerialism and its market values. More recently, in the period of economic growth up until 2007 a strong labour market with reduced labour supply, and increasing pension costs, began to encourage employment policies that retained older workers. The sharp recession that has followed threatens new cost-cutting initiatives based on redundancy and enforced retirement as means for reducing labour costs. This has implications for the continued stability of good practice in knowledge management and whether the organizational memory in public services will be robust enough to provide a stable and continuous provision of quality services that are of high public value.
|Number of pages||18|
|Publication status||Published - 1 Jan 2010|