Impact of Older-Worker-Friendly Organizational Policies on Retirement Attitudes and Planning
Abstract
This study develops and analyzes a model of the impact of older-worker-friendly (OWF) organizations' policies on retirement, specifically attitudes toward retirement, preparation for retirement, and years to planned retirement age. This is particularly a timely topic as the Baby Boomer generation heads into retirement and organizations need to better understand the retirement intentions of this group. A model was developed and tested using linear regression, and results indicate that the hypothesized relationships are supported. Instituting certain OWF policies leads to older workers who are more prepared for retirement, and thus have more positive attitudes about retiring, which ultimately leads to an earlier planned retirement age. While this study is limited, these findings provide some interesting insights for researchers and practitioners.
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Only 21% of organizations around the world stated that they had strategies in place to retain older workers.
“However, only 21% of organizations around the world stated that they had strategies in place to retain older workers [67].”
From A scoping review of the incentives for a prolonged work life after pensionable age and the importance of "bridge employment" (2018) · cites this paper as [67]
Retirement of the baby boom generation, approximately 78 million people in the United States, will lead to a massive increase in retirees, which will impact on organizations in many ways.
“Retirement of the baby boom generation, approximately 78 million people in the United States, will lead to a massive increase in retirees, which will impact on organizations in many ways [67].”
From A scoping review of the incentives for a prolonged work life after pensionable age and the importance of "bridge employment" (2018) · cites this paper as [67]
Cites
Perceived organizational support, career satisfaction, and the retention of older workers
Armstrong‐Stassen, M., & Ursel, N. D. (2009) · Journal of Occupational and Organizational Psychology · doi:10.1348/096317908x288838 · Cited by 473 · see citing works
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Carlstedt, A. B., Brushammar, G., Bjursell, C., Nystedt, P., & Nilsson, G. (2018) · Work · doi:10.3233/wor-182728 · Cited by 68 · see citing works
- Authors
- Cochran, J., Crowne, K. A., & Carpenter, C. E.
- Affiliations
- Widener University (US)
- Corresponding author
- Cochran, Jeremy
- ORCID
- Crowne, Kerri Anne
- Venue
- Organization Management Journal
- Publisher
- Emerald
- Published
- 2012-09
- Volume
- 9
- Issue
- 3
- Pages
- 170-178
- ISSN
- 1541-6518 (ISSN-L)
- OpenAlex
- W2078703953
- Cited by
- 20
- References
- 1
- Citations by year
- 2026: 1 · 2024: 2 · 2023: 2 · 2021: 3 · 2019: 3 · 2018: 4 · 2017: 2 · 2016: 1 · 2014: 1 · 2013: 1
- FWCI
- 1.60
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Organization Management Journal (publishedVersion)
- Seton Hall University eRepository (Seton Hall University) (submittedVersion)
- Topics
- Social Sciences › Demography › Retirement, Disability, and Employment
- Social Sciences › Business, Management and Accounting › Accounting › Financial Literacy, Pension, Retirement Analysis
- Social Sciences › Business, Management and Accounting › Organizational Behavior and Human Resource Management › Human Resource and Talent Management
- Keywords
- retirement attitudes, retirement planning, baby boomers, older workers, organizational policy
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