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Volume : V, Issue : VI, July - 2015

IMPACT OF VOLUNTARY RETIREMENT ON EMPLOYEES

Nadaf 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.

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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, http://isrj.org/UploadedData/6884.pdf

References :

  1. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  2. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  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.
  4. 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.
  5. 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.
  6. 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.
  7. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  8. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  9. 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.
  10. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  11. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  12. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  13. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  14. 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.
  15. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  16. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  17. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  18. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  19. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  20. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  21. 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.
  22. 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.
  23. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  24. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  25. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  26. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  27. 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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  31. 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.
  32. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  33. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  34. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  35. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  36. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  37. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  38. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  39. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  40. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  41. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  42. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  43. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  44. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  45. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  46. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  47. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  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
  50. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  51. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  52. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  53. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  54. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  55. 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.
  56. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  57. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  58. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  59. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  60. 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.
  61. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  62. 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.
  63. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
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  65. 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.
  66. 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.
  67. 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.
  68. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  69. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  70. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  71. 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.
  72. 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.
  73. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  74. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  75. 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.
  76. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  77. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  78. 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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  80. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  81. 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.
  82. 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.
  83. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  84. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  85. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  86. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  87. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  88. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  89. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  90. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  91. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  92. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  93. 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.
  94. 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.
  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. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  98. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  99. 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.
  100. Costa, Dora L (1995) Pensions and Retirement: Evidence from Union Army Veterans. Quarterly Journal of Economics 110, no. 2, 297-319.
  101. Hindu Daily (2003) VRS scheme has a negative impact: Study, available online at: http://www.thehindu.com/2003/12/26/stories/2003122606640400.htm
  102. Gendell, Murray (1998) Trends in Retirement Age in Four Countries, 1965-1995. Monthly Labor Review 121, no. 8, 20-30.
  103. 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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