Volume : V, Issue : VI, July - 2015 IMPACT OF VOLUNTARY RETIREMENT ON EMPLOYEESNadaf H. R, Shirol V 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.
Keywords : Article : Cite This Article : Nadaf H. R, Shirol V (2015). IMPACT OF VOLUNTARY RETIREMENT ON EMPLOYEES. Indian Streams Research Journal, Vol. V, Issue. VI, http://isrj.org/UploadedData/6884.pdf References : - Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- 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.
- 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.
- 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.
- 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.
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- 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.
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- 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.
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- 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.
- 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.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- 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.
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- 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.
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- 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.
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- 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.
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- 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.
- 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.
- 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.
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- 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.
- 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.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- 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.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- 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.
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- 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.
- 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.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- 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.
- 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.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- 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.
- Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
- Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
- Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
- 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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