Employee well-being, early-retirement intentions, and company performance
Monika E von Bonsdorff1, Sinikka Vanhala, Jorma Seitsamo
1Finnish Institute of Occupational Health, Helsinki, Finland. monika.bonsdorff@ttl.fi
Objective:
To explore the relationship between employee well-being and early-retirement intentions, and the extent to which early-retirement intentions are associated with company performance.
Methods:
This study is based on cross-sectional survey data on the ageing employees of the Finnish metal industry and retail trade, collected in 2007 (company-level n = 129, employee-level n = 1281). It was analyzed using multinomial logistic and multiple regression analysis.
Results:
Poor work ability, frequent emotional exhaustion, low organizational commitment, and job control were associated with the prevalence of early-retirement intentions among aging employees in both industries. Metal industry employees' early-retirement intentions were associated with weaker company performance measured by the perceptions of the manager.
Conclusion:
By enhancing well-being, employees may stay at work for longer rather than retiring early. Early-retirement intentions can be counterproductive for companies.
Related Concept Videos
Benefits of Self-Esteem
Social Relationships and Well-Being
Halo Effect
Traits, Mood, and Subjective Wellbeing
Neuroticism and Emotional...
Stress Prevention and Stress Management Techniques I
Conscientiousness
Conscientious individuals tend to be organized, responsible, and disciplined. They prioritize completing tasks and following structured routines,...
Stress Prevention and Stress Management Techniques VI
Motivation and Self-Determination
Motivation, the driving force behind behavior, plays a pivotal role at every stage of the change process. The research...
