Effects of Employees Based Financial Programmes on Retirement Preparedness among Teachers in Kenya
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 11
Abstract
There is indisputable need for retirement preparedness since a significant positive relationship exists between retirement planning and retirement satisfaction. Majority of retirees remain vulnerable to poorer retirement adjustment and outcomes in terms of life satisfaction and quality of life. The purpose of the study was to assess the effects of employees based financial programmes on retirement preparedness among teachers in Kenya. The target population was 1,238 teachers aged 50 years and above and employed in public secondary schools by the Teachers Service Commission in Kirinyaga and Murang’a Counties by 2017. A representative sample of 334 respondents was selected using multistage sampling technique. Data was collected using semi structured questionnaire and interview guide. Logit regression was used to establish the relationships between variables in the study and to test the null hypotheses at P ≤ 0.05 and 95% confidence level. Despite pre-retiree teachers not being adequately prepared for retirement; financially programmes had a significant positive effect on retirement preparedness. This means that financially programmes increased retirement preparedness of preretiree teachers. The reported findings extend the current understanding of employee separation in terms of financial programmes and raises implications for the various theories that buttresses employee separation choices in human Resource management.
Authors and Affiliations
Titus G. Gathiira, Stephen M. A. Muathe, James M. Kilika
Keywords
Related Articles
- EP ID EP422192
- DOI 10.9790/487X-2011036169.
- Views 84
- Downloads 0
Buying Attitudes of the College Studentstoward Fast Foods In Lunglei Town, Mizoram
Fast foods have become more popular today due to accessibility, taste, low price, convenience, variety of items, busy working schedule and so on. Fast food refers to food that can be served ready to eat. Fast foods are p...
The Challenges of Data Accuracy in Business Analytics that Affect Managers’ Decisions Making – Case Study of Saudi Arabia & Lebanon
Digitization of information has made data an important factor in organizational decision making. Modern organizations are increasingly turning to data to generate data-driven decisions due to various advantages of relyin...
Supply Chain Construction In The Moroccan Public Admnistration
The construction supply chain is characterized by the multiplicity of links and the divergence of the actors, making customer satisfaction difficult to measure. The purpose of this paper is to explore the concept of sati...
Green Hospitals in Healthcare Management: A Brief Review
Climate change is one of the most discussed topics in the recent times. It has been associated with uncontrolled exploitation of energy sources, improper waste management and deficient measures of water conservation. Hos...
Effect of Corporate Social Responsibility and Corporate Governance on Financial Performance and Implications in Stock Companies Go Public in Indonesia Stock Exchange
This study aimed to analyze the influence of corporate social responsibility, corporate governance of financial performance; analyze the influence of corporate social responsibility, corporate governance on stock prices;...