Retirement Planning & Job Satisfaction: Cushion to Avoid Bridge Employment?

Abstract

Retirement forces older workers to disconnect with their previous behavioural patterns and economic position. Transition and adjustment from working life to retirement places great psychological pressure and financial distress on older workers, especially those with dependent children. Bridge employment provides a solution for older workers to continue working after retirement while transitioning into retirement slowly and smoothly. As losing the job role has a significant impact on the psychological well-being of retirees, engaging in bridge employment helps to fulfil the important psychological functions of older workers by providing an adaptive style to retirement. This study investigates the influence of retirement planning and job satisfaction on bridge employment. A self-administered questionnaire was used in this study and a total of 523 samples were collected for nine major districts in Sabah. Data were analysed using Partial Least Square (PLS) method version 2.0. The result showed a significant relationship between retirement planning and job satisfaction on bridge employment, explaining 4.7% the variance in bridge employment and job satisfaction was found to be the strongest predictor of bridge employment.

Correlation of Human Capital and Employees Satisfaction of Hotel Employees'

“…The result is significant; hence the null hypothesis of no significant influence is rejected. This supports the study of Osman et al (2015) that employees' satisfaction is increased when the feeling of belongingness of employees within the organization is respected and employees are given challenges to fulfill themselves. The argument of Bontis et al (2015) in their study that simply considering human capital indicators is not the key to better performance since organizations do not own the employees though employees are vital assets of an organization, this results were evident in this study since human capital indicators learning and education and experience and expertise is reflected in the result.…”

“…The study is anchored on the link between human capital (Sharabati et al, 2010) and employee satisfaction (Bontis, 2001). Employee's satisfaction is increased when the feeling of belongingness of employees within the organization is respected, and employees are given challenges to fulfill themselves (Osman et al 2015) employee's satisfaction in the hotel industry in Asian countries are derived from organizational value while structure is more in western. Theoretical benefits of job satisfaction are transparent in human capital theories suggest several platforms in which employee satisfaction will be enhanced and the link between human capital (Sharabati et al, 2010) and employee's satisfaction (Salanova & Kirmanen, 2010).…”

“…Employees' satisfaction is increased when the feeling of belongingness of employees within the organization is respected, and employees are given challenges to fulfill themselves (Osman, Ing, Adis, Razli, Majid & Bujang, 2015). To improve unsatisfied employees is a big challenge in every organization Buckingham (2010).…”

Retirement planning and work-related variables in Chinese older nurses: A cross-sectional study

“…Ageing has become a global social phenomenon, and many countries have predominantly older nurses (Bishop, ; Spiva et al., ; Stichler, ) whose retirement is bound to result in a variety of problems, such as a shortage of nurses and role change. Preretirement preparation and planning are intermediate conversion processes from work to full retirement, and good plans can ensure physical, psychological and psychosocial comfort in achieving life satisfaction after retirement, which is particularly important (Osman et al., ; Van Solinge & Henkens, ). Taylor and Doverspike () stated that retirement planning allows one to develop realistic expectations about retirement, which are more likely to be confirmed.…”