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

Author

Listed:
  • Zaiton Osman
  • Phang Ing@Grace
  • Azaze-Azizi Abd Adis
  • Izyanti Awg Razli
  • Mohd Rizwan Abd Majid
  • Imbarine Bujang

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.

Suggested Citation

  • Zaiton Osman & Phang Ing@Grace & Azaze-Azizi Abd Adis & Izyanti Awg Razli & Mohd Rizwan Abd Majid & Imbarine Bujang, 2016. "Retirement Planning & Job Satisfaction: Cushion to Avoid Bridge Employment?," Asian Social Science, Canadian Center of Science and Education, vol. 12(1), pages 30-41, January.
  • Handle: RePEc:ibn:assjnl:v:12:y:2016:i:1:p:30-41
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    References listed on IDEAS

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    1. Annamaria Lusardi, 2003. "The Impact of Financial Education on Savings and Asset," Working Papers wp061, University of Michigan, Michigan Retirement Research Center.
    2. Buyens, D. & Van Dijk, H. & Dewilde, T. & Vlaminckx, A. & De Vos, A., 2007. "The aging workforce: Perceptions of career ending," Vlerick Leuven Gent Management School Working Paper Series 2007-29, Vlerick Leuven Gent Management School.
    3. Benjamin Artz, 2012. "Does the Impact of Union Experience on Job Satisfaction Differ by Gender?," ILR Review, Cornell University, ILR School, vol. 65(2), pages 225-243, April.
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