Rehabilitation of VRS seekers: myths and realities
By: Pathardikar, Avinash D.
Contributor(s): Sahu, Sangeeta.
Material type:
ArticlePublisher: 2008Description: p.260-74.Subject(s): Retirement
In:
Management and Labour StudiesSummary: VRS is viewed as one of the methods for the turnaround of the company when the business cycle is on a declining curve. Though these schemes have reduced excess fat of the organisations, but the life of individuals getting VRS has long been neglected. The study attempts to reveal the benefits provided by the organisation to the voluntarily retired employees and their life after voluntary retirement in terms of various independent and dependent variables. Findings show significant relation of age, income, education and number of dependents with worries and tensions after VRS. Moreover, the financial support from organisation in the form of compensation is not enough. The results highlight the need of greater role to be played by the organisations for VRS seeks in preparing them for a better life after. - Reproduced.
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Articles
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Indian Institute of Public Administration | Volume no: 33, Issue no: 2 | Available | AR79186 |
VRS is viewed as one of the methods for the turnaround of the company when the business cycle is on a declining curve. Though these schemes have reduced excess fat of the organisations, but the life of individuals getting VRS has long been neglected. The study attempts to reveal the benefits provided by the organisation to the voluntarily retired employees and their life after voluntary retirement in terms of various independent and dependent variables. Findings show significant relation of age, income, education and number of dependents with worries and tensions after VRS. Moreover, the financial support from organisation in the form of compensation is not enough. The results highlight the need of greater role to be played by the organisations for VRS seeks in preparing them for a better life after. - Reproduced.
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