Question

Why should management be concerned with helping employees retire from their organization successfully

Answer 1

People are often overwhelmed when it is time for retirement. The most important responsibility of employers is to help such employees retire from their organizations successfully. Reasons why management help employees retire successfully from their organizations are:

• Financially secure- Some employees are not financially literate. Such employees might delay retirement due to lack of sufficient funds for survival.
• Impact of delayed retirement- is significant as the senior employees might not be motivated to do their jobs. They just do it because they do not have sufficient funds to retire.
• Financial benefits- the health care and the disability claims might increase due to the senior employees in the organizations. Hence, the company helps people to retire on time.
• Employee loyalty- Not only financial considerations but also employee loyalty is a prime factor that a management helps loyal employees to retire with secured funds and on time.