EMPLOYEES’ SEPARATION PLANNING: What Employees Need to Know and Do About Retirement Preparedness, a Kenyan Perspective

Description

Are you enjoying paid employment right now? Has it ever dawned on you that one day you will retire and leave that organization you call “my company or my firm?” How prepared are you to retire? Separation – the last function of Human Resource Management – is usually neglected both in practice and in theory. Consequently, most retirees globally are confronted by financial constraints, loneliness, depressive symptoms, poor health and increased alcohol consumption despite living well as their careers blossomed. Most of scholarly work usually focuses on financial wellbeing neglecting physical, social and psychological wellbeing. This “must read” book fills this gap by presenting empirical evidence to illuminate both practitioners and scholars on employees’ separation planning as an integral function of Human Resource Management towards enhancing employee retirement preparedness. Moreover, the book reveals the role played by organizations’ Human Resource Practices and individual employee’s wit in decision making to influence separation planning among employees in Kenya but replicable in other countries of the world. Role Theory, Continuity Theory, Life Course Perspective and the Theory of Planned Behaviour provides the theoretical anchorage of the discourse. The book undoubtedly justifies why governments should enact frameworks that enforce, monitor and evaluate programmes in employer organizations and employee decision making nexus in separation planning. Human resource managers on the other hand should ensure that employees’ separation planning and retirement preparedness is embraced by employers through formulation of policies and practices that create an enabling environment to empower employee’s engagement in retirement planning soon after joining employment.