Retirement is a decision made by an individual to stop employment completely. A person may also choose to go into semi retirement where he keeps some sort of retirement job. This process usually happens when a person reached a certain age, when his health hinders him to work properly and personal reasons arise. There are many reasons why employees leave their job, whether he was forced or not. Here are the top ten reasons why employees abandoned their job:
1. When an employee is subjected to a forced retirement. According to one of the most recent study conducted by Sun Life financial, about 20% of American workers are forced into premature retirement because of layoffs, cutbacks, and shutdowns.
In this age where future social security is on the rocks, people find themselves getting half of their expected savings and investment will suppose to go upon their retirement. Workers have to know their rights and obligations to protect themselves from discrimination. The Age Discrimination Employment is a law created to protect older Americans from unlawful discrimination because of old age.
2. Stressful environment on the workplace can also be one of the causes of early retirement. Sudden increase of workload, relocation, and change of shifts are some of the stressful event that can trigger a decision on premature retirement. Common cause of unintentional separation is when the location of an office was relocated outside the commuting area of the employee. Relocation and change of shifts can be one of a qualifying reason to retire.
3. Occurrence of healthy problems of the worker or within the family. If the employee is needed by one of his relatives to act as a caregiver for the sick member of the family. Health problems that can hinder the worker to perform his duty within the company.
4. Old age is the number one reason for retirement. At the age of 62 a person is eligible for Social security or when they reach the age eligible for full benefits. This is the perfect time to stop working and settle at home.
5. Sudden accidents make a person unable to work. They are qualified for an early retirement. Disability of the employee can entitle him for benefits like Medicare, Social Security or Medicaid.
6. Environmental disaster such as flood, earth quake, and loss of home were relocation is needed. These disasters can influence the employer to subject their employee for unexpected retirement.
7. Starting a new career for advancement of salary or decision to own a business can be a reason for an employee to leave his old job and start a new one.
8. Retiring to be able to take pleasure in hobbies, family, and travel. The most common worker to have this kind of problem is women with family. Husbands who demand their wife to have extra time for their family. Long vacation and travel would mean early retirement for an employee.
9. Boredom and burned out workers who wants to take time to relax leave their job.
10. People who inherited a fortune or win the lottery and want to have fun spending their money can decide to leave their job.
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