Influence of Employees’ Readiness on Retirement Transition, Study of Kleruu Teachers’ College, Iringa Municipal Council– Iringa Region.

Kiduge, Imakulata (2023) Influence of Employees’ Readiness on Retirement Transition, Study of Kleruu Teachers’ College, Iringa Municipal Council– Iringa Region. Masters thesis, The Open University of Tanzania.

PDF - Submitted Version Available under License Creative Commons Attribution. Download (1MB)

Abstract

This study primarily examined the Influence of employees’ readiness on retirement transition at Klerruu Teachers College in Iringa municipal.The study was guided by three specific objectives namely; to examine the influence of access to retirement information on retirement readiness; to determine the influence of financial preparedness on retirement readiness, and to assess the influence of social preparedness on retirement readiness. Census approach was used to obtain research participants thus; the entire population of 54 employees at Klerruu Teachers College participated in the study. The study employed a quantitative approach and a descriptive research design. Questionnaires were used to accrue data that informed this study. Research findings from descriptive statistics revealed that: firstly, the majority of the respondents had sufficient retirement information which positively influences the retirement readiness of employees. Secondly, the majority of the respondents were insufficiently prepared financially and this had a negative influence on the retirement readiness of employees. Last but not least, majority of respondents were socially prepared for retirement which had a positive influence on the retirement readiness. The results of the regression analysis showed that only social preparedness had a significant relationship with retirement readiness unlike other variables namely, retirement information and financial preparedness were found to have insignificant relationship to retirement readiness. Therefore, with such findings it was concluded that there is a need of implementing a retirement policy so as to boost employees’ awareness of retirement readiness during the retirement transition. To add to the body of knowledge of this study, it was recommended that future research concentrate on the private sector so as more insight about the topic. Keywords: Retirement information, financial preparedness, social preparedness Retirement readiness.

Actions (login required)

View Item