DOI Prefix : 10.9780 | Journal DOI : 10.9780/22307850
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Volume : V, Issue : VI, July - 2015

IMPACT OF VOLUNTARY RETIREMENT ON EMPLOYEES

Nadaf H. R, Shirol V

DOI : 10.9780/22307850, By : Laxmi Book Publication

Abstract :

Voluntary retirement scheme (VRS) is one of the least studied phenomena in both business and academia. Despite its increasing popularity, field-based scientific literature on VRS is sparse in India. International literature on organizational downsizing has focused on three issues: the impact on those who have lost their jobs; the impact on those remaining; and on how to downsize effectively. This paper focuses on the first part of VRS i.e., impact on the families of employees opted voluntary retirement. It was studied 360 employees who opted voluntary retirement from Forbes Mill, Gokak in Karnataka. It was found that the socio-economic and psychological life of the families is badly affected after voluntary retirement.

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Cite This Article :

Nadaf H. R, Shirol V (2015). IMPACT OF VOLUNTARY RETIREMENT ON EMPLOYEES. Indian Streams Research Journal, Vol. V, Issue. VI, DOI : 10.9780/22307850, http://isrj.org/UploadedData/6884.pdf

References :

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  42. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  43. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  44. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  45. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  46. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  47. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  48. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  49. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
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  51. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  52. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
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  91. Aravattu Srikant and Sonar G.B (2006) Status of Employees after Voluntary Retirement: Perspective for Intervention, Journal of Global Economy, Special Issue on Social Work Research Vol.2, No.3.
  92. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  93. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  94. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  95. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  96. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  97. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  98. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  99. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  100. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  101. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  102. Aravattu Srikant and Sonar G.B (2006) Status of Employees after Voluntary Retirement: Perspective for Intervention, Journal of Global Economy, Special Issue on Social Work Research Vol.2, No.3.
  103. Aravattu Srikant and Sonar G.B (2006) Status of Employees after Voluntary Retirement: Perspective for Intervention, Journal of Global Economy, Special Issue on Social Work Research Vol.2, No.3.

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