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1 – 10 of over 3000
Article
Publication date: 1 January 2005

Edward J. Stendardi

Much has been written about the difficulty that baby boomers will face when they begin to retire. Concerns have been raised about the long‐term problems facing the Social Security…

Abstract

Much has been written about the difficulty that baby boomers will face when they begin to retire. Concerns have been raised about the long‐term problems facing the Social Security system, problems with employer provided pension plans, volatile financial markets and unfavorable demographics. The purpose of this paper is to examine one tool that baby boomers can use to make their retirements more successful — phased retirement. Moreover, this paper will attempt to demonstrate that it is in the best interest of not only employees but also employers and government at all levels to promote the growth of this concept.

Details

Humanomics, vol. 21 no. 1
Type: Research Article
ISSN: 0828-8666

Article
Publication date: 2 November 2015

Åsmund Hermansen and Tove Midtsundstad

The purpose of this paper is to shed light on developments in Norwegian companies’ active-ageing policies, and hence offer insight into what characterises those Norwegian…

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Abstract

Purpose

The purpose of this paper is to shed light on developments in Norwegian companies’ active-ageing policies, and hence offer insight into what characterises those Norwegian companies offering measures to retain their older workers.

Design/methodology/approach

The research questions are investigated using data from two surveys carried out among a representative sample of Norwegian companies in 2005 and 2010. The two data sets are analysed both separately and jointly, being merged to obtain a pooled cross-section data set. Both multivariate logistic and linear regression are applied.

Findings

The proportion of companies offering retention measures, as well as the extensiveness of their retention efforts (the number of different measures offered), has increased considerably from 2005 to 2010. What characterises these companies however is surprisingly similar in 2005 and 2010. The retention efforts of Norwegian companies seem to be part of a holistic approach to active ageing. Offering a number of different retention measures is more common among companies having initiated “measures to facilitate lifelong learning” and “measures to prevent health problems or reduced work capacity”. The financial incentives embedded in the contractual early retirement scheme seem also to have a significant impact on retention efforts.

Originality/value

The employers’ perspective has received little attention in previous research and the authors are the first to report on developments in Norwegian companies’ retention efforts over time. Knowledge about what characterises employers offering such measures will be important for future efforts to increase employments rates among older workers, which is an aim for most European countries.

Details

International Journal of Manpower, vol. 36 no. 8
Type: Research Article
ISSN: 0143-7720

Keywords

Article
Publication date: 1 March 1990

Keith Hughes

Discusses retirement benefits, phased retirement and pre‐retirementpreparation. Outlines six ingredients for successful retirement andconcludes that it needs to be efficiently…

571

Abstract

Discusses retirement benefits, phased retirement and pre‐retirement preparation. Outlines six ingredients for successful retirement and concludes that it needs to be efficiently considered, planned and acted upon.

Details

Executive Development, vol. 3 no. 1
Type: Research Article
ISSN: 0953-3230

Keywords

Article
Publication date: 1 April 1990

Joanna Walker

Discusses the changing composition of the retired population interms of age and volume and the need for pre‐ and post‐retirementeducation programmes with counselling as an…

Abstract

Discusses the changing composition of the retired population in terms of age and volume and the need for pre‐ and post‐retirement education programmes with counselling as an important component. Policy making, employee learning and development, and employee assistance and counselling are discussed while some approaches to retirement education and the position of women and ethnic minorities are examined.

Details

Employee Councelling Today, vol. 2 no. 4
Type: Research Article
ISSN: 0955-8217

Keywords

Article
Publication date: 19 July 2011

Rachel A. August

This paper seeks to identify the meanings associated with retirement for a longitudinal sample of women immediately prior to and following their official retirement. Contextual…

1041

Abstract

Purpose

This paper seeks to identify the meanings associated with retirement for a longitudinal sample of women immediately prior to and following their official retirement. Contextual factors which shape those meanings are also described.

Design/methodology/approach

In‐depth interviews, based on a series of interview guides were conducted with a sample of 14 women in their pre‐ and post‐retirement years. The data were coded using a grounded theory approach and typology classification schemes.

Findings

Retirement was alternately conceptualized as a new period of life affording freedoms and growth, as a natural final phase, as a frightening period due to losses, and/or as a pinnacle of accomplishment or relief. The contextual influences of family, friends, and unique attributes of one's profession (e.g. having jobs with transferrable skills and/or having physically demanding jobs) help create meanings. Finally, meanings were found to shift over time in concert with changing contexts.

Research limitations/implications

Women have a wide range of responses to their own retirement. The stereotype that they will easily replace the work role with family and/or household roles does not hold for all.

Practical implications

By truly understanding the particulars of each employee's situation, managers can assist employees in the transition into retirement such that it is a smooth one. Managers might also be able to more immediately identify employees, who would be willing to return to the organization in a consulting or short‐term capacity following retirement.

Originality/value

The longitudinal data offers a unique vantage point, such that meanings can be traced over time in a way that has not yet been documented in empirical work.

Details

Gender in Management: An International Journal, vol. 26 no. 5
Type: Research Article
ISSN: 1754-2413

Keywords

Article
Publication date: 12 June 2009

Susan D. Hewitt

The purpose of this paper is to raise the profile of deep succession planning to identify key talent. Older workers are now forming a significant proportion of the workforce. This

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Abstract

Purpose

The purpose of this paper is to raise the profile of deep succession planning to identify key talent. Older workers are now forming a significant proportion of the workforce. This cohort could be lost to retirement leaving industry and commerce short of talent.

Design/methodology/approach

A range of research and other relevant literature is reviewed. Real life experiences with clients developing their older workers are reported and practical suggestions made for implementation.

Findings

There is little literature on organisation‐deep succession planning. The process needs to be linked to organizational objectives with ownership at all levels.

Practical implications

The main implications of this paper are that organization‐deep succession planning is a complex process requiring commitment and long term planning at all levels. Without a thorough analysis of age and skill profile no workable plan can be made.

Originality/value

This report brings together a range of data around succession planning that should take place across the organization, not just at board level. It will be of value to HR, L&D and equality professionals.

Details

Industrial and Commercial Training, vol. 41 no. 4
Type: Research Article
ISSN: 0019-7858

Keywords

Article
Publication date: 10 August 2015

Gabriela Topa and Carlos-María Alcover

Retirement adjustment is the process by which aged workers become accustomed to the changed facts of life in the transition from work to retirement and develop psychological…

2210

Abstract

Purpose

Retirement adjustment is the process by which aged workers become accustomed to the changed facts of life in the transition from work to retirement and develop psychological well-being in their post-working life. The purpose of this paper is to explore the psychosocial factors that significantly explain retirement intentions and retirement adjustment, using two separate empirical studies.

Design/methodology/approach

Retirement self-efficacy, low work involvement, older worker identity and relative deprivation significantly explained retirement intentions (bridge employment engagement, part-time retirement, late retirement and full retirement) of workers over 60 years (Study 1, n=157). Retirement adjustment indices (retirement satisfaction, feelings of anxiety and depression) were associated with psychosocial factors for retirees (Study 2, n=218).

Findings

The findings highlight that retirement self-efficacy and older worker identity positively and significantly explained both full retirement of aged workers and retirement satisfaction of retirees. Relative deprivation negatively significantly explained partial and late retirement intentions and retirement satisfaction of retirees.

Research limitations/implications

The implications of these studies are discussed for understanding retirement planning and counselling practice.

Practical implications

Retirement adjustment conceptualized as a process has important implications for retirement planning, and consequently can influence the project of the life course, as well as career’s decisions.

Social implications

Social contexts should consider all factors that can negatively affect self-efficacy, work involvement and identity of employees in the mid and late-career stages, and thus contribute to reinforce and strengthen personal and psychosocial resources involved in planning and adaptation to retirement, and to increase the insight into the planning and decisions older workers make to face retirement.

Originality/value

This work had two goals, pursued by two empirical studies with two samples: workers over 60 years, and retirees. The authors contend that the availability of two different sets of data increases the generalizability of the findings.

Details

Career Development International, vol. 20 no. 4
Type: Research Article
ISSN: 1362-0436

Keywords

Article
Publication date: 20 April 2013

Eleanor Davies and Andrew Jenkins

The purpose of this paper is to examine the significance of the work‐to‐retirement transition for academic staff from a life course perspective and the manner in which individuals…

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Abstract

Purpose

The purpose of this paper is to examine the significance of the work‐to‐retirement transition for academic staff from a life course perspective and the manner in which individuals have managed the transition.

Design/methodology/approach

In total, 32 semi‐structured interviews were conducted with academic staff from ten Universities in England. The data are analysed using matrix analysis.

Findings

Marked differences in the experience of the work‐to‐retirement transition were found and five groups are identified which characterise the significance of retirement. Clean Breakers view retirement as a welcome release from work. Opportunists and Continuing Scholars use retirement to re‐negotiate the employment relationship. The Reluctant consider retirement as a loss of a valued source of identity and the Avoiders are undecided about retirement plans.

Research limitations/implications

The focus of the study is at the individual level. A more complete understanding of retirement decisions would encompass organisational approaches to retirement issues.

Practical implications

There are practical implications for academics approaching retirement. Not all academics wish to continue to engage in academic work in retirement. For those who do, opportunities are predominantly available to staff with stronger social and professional capital. Continued engagement necessitates personal adaptability and tolerance to ambiguity. Staff who are planning their careers might build such factors into retirement planning.

Social implications

Organisations need to rethink their responsibilities in managing retirement processes as they face an increasing variety of retirement expectations in the workforce. Given the unfolding de‐institutionalisation of retirement, both individuals and organisations need to re‐negotiate their respective roles.

Originality/value

The paper characterises the diversity of modes of experiencing retirement by academic staff, highlighting differences between the groups.

Details

Employee Relations, vol. 35 no. 3
Type: Research Article
ISSN: 0142-5455

Keywords

Article
Publication date: 19 May 2021

Chaturong Napathorn

This paper aims to examine the design and implementation of age-related human resource (HR) practices across organizations located in the institutional contexts of the…

Abstract

Purpose

This paper aims to examine the design and implementation of age-related human resource (HR) practices across organizations located in the institutional contexts of the under-researched emerging market economy of Thailand.

Design/methodology/approach

A cross-case analysis of five organizations is conducted across industries. The empirical evidence in this paper draws on semistructured interviews and focus groups with older workers of each organization, semistructured interviews with top managers and/or HR managers of each organization, field visits to each organization located in Bangkok and other provinces in Thailand and a review of archival documents and Web-based resources.

Findings

This paper proposes that firms design and implement various age-related HR practices, including the extension of the retirement age, financial planning facilitation, the bundling of maintenance and the bundling of utilization, to ensure that older workers in their firms maintain their current level of functioning to cope with the problem of skill shortage in the Thai labor market, have sufficient savings after retirement to respond to the “productivist informal security” welfare state regime and return to previous levels of functioning after facing losses in their careers.

Research limitations/implications

Due to the fact that this research is based on case studies of age-related HR practices in five firms across industries in Thailand, the findings may not be generalizable to all other firms across countries. Rather, the aim of this paper is to enrich the discussion regarding the design and implementation of age-related HR practices in organizations. Another limitation of this research is that it does not include firms located in several industries, such as the financial services industry and the education industry. Future research may explore age-related HR practices in organizations located in these industries. Moreover, quantitative studies using large samples of firms across industries might also be useful for fostering an in-depth understanding of the design and implementation of age-related HR practices in organizations.

Practical implications

This paper provides practical implications for top managers and/or HR managers of firms in Thailand and other emerging market economies. That said, these top managers and/or HR managers can implement age-related HR practices to respond to the problem of skill shortage in the labor market, ensure that older workers have sufficient savings after retirement and help older workers return to previous levels of functioning after facing deterioration in health conditions and/or losses in their careers.

Social implications

This paper provides policy implications for the government and/or relevant public agencies of Thailand and other emerging market economies that still face a severe skill shortage problem. Older workers who possess tacit knowledge and valuable experience and are still healthy can be considered excellent alternates for firms to help alleviate the skill shortage problem in the labor market. However, firms should implement age-related HR practices to retain this group of employees overtime.

Originality/value

This paper contributes to the literature on comparative institutionalism and human resource management, specifically regarding age-related HR practices, in the following ways. First, this paper examines how firms design and implement age-related HR practices to respond to the country’s macro-level institutions. Additionally, in this paper, the author triangulates the findings from older workers with those from employers to ensure that actual HR practices perceived by older workers are in line with HR practices perceived by top managers and/or HR managers. Moreover, the literature on age-related HR practices has likely overlooked emerging market economies, including the under-researched country of Thailand, because most studies in this area have focused on developed economies. Therefore, the findings in this paper provide an in-depth analysis of the design and implementation of age-related HR practices across firms located in the emerging market economy of Thailand to respond to the national institutional context.

Details

Journal of Asia Business Studies, vol. 16 no. 1
Type: Research Article
ISSN: 1558-7894

Keywords

Article
Publication date: 1 March 1998

K.P. Kalirajan and G. Shantakumar

The effects of ageing on incomes, taxes, social protection and labour productivity will be important considerations in Singapore’s future economic policy, while posing strong…

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Abstract

The effects of ageing on incomes, taxes, social protection and labour productivity will be important considerations in Singapore’s future economic policy, while posing strong challenges for the country, which has become more global in outlook. This paper briefly discusses some of these important issues concerning ageing in Singapore.

Details

International Journal of Social Economics, vol. 25 no. 2/3/4
Type: Research Article
ISSN: 0306-8293

Keywords

1 – 10 of over 3000