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A comparative study of the retirement confidence level between domestic workers and OFW as linked to their job commitment

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  • Marycris O. Albao

    (De La Salle University, Manila, Philippines)

Abstract

The paper investigated the retirement confidence among Domestic and Overseas Filipino Workers in relation to job commitment. Specifically, the study determined the relationship between clarity of retirement goal and retirement confidence that refers to the quality of life that could still be maintained during retirement. For several studies, savings already provided perceived confidence for retirement to would be retirees but this study would check if the perception still applies. Banks in the Philippines today offer a savings interest rate of less than 1% (excluding withholding tax) with the current inflation rate target of 4.3%. The study output could motivate government agencies to review the policy on mandatory retirement package that direct employers offer their employees for comfortable retirement. Purposive sampling was employed to determine the respondents who were the domestic and overseas Filipino workers in United Arab Emirates and New York. Explanatory-causal design was utilized to explain relationship/influence and effect of the variable/s on the retirement confidence. The results of the regression indicated that the predictor for retirement confidence explained 55.4% of the variance (R2=.55, F (4,13) = 4.03, p

Suggested Citation

  • Marycris O. Albao, 2018. "A comparative study of the retirement confidence level between domestic workers and OFW as linked to their job commitment," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 4(3), pages 136-144.
    • Handle: RePEc:apb:jabsss:2018:p:136-144
    DOI: 10.20474/jabs-4.3.2
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    References listed on IDEAS

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    1. Mia Selvina, 2016. "Indonesian Accountant vs Foreign Accountant in Indonesian Job Competition as an Effect of Asean Economic Community 2015," International Journal of Business and Administrative Studies, Professor Dr. Bahaudin G. Mujtaba, vol. 2(1), pages 16-19.
    2. Benjaporn Yaemjamuang, 2017. "Investigating Motivation of the Hotel Employees at the OperationalLevel: A Case Study of the Hotel Business in Samut Songkram Province,Thailand," International Journal of Business and Economic Affairs (IJBEA), Sana N. Maswadeh, vol. 2(1), pages 8-11.
    3. Burawat Piyachat, 2017. "The relationships among resources’ commitment reverse logistics innovation reverse logistics performance and reverse logistics cost savings: Manufacturing vs service industry," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 3(3), pages 122-135.
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    Cited by:

    1. Mahwish Sikander & Nadia Batool, 2021. "Does Person-Job Fit among Nurses Really Matters? An Empirical Study: Effect of P-J Fit on Job Outcomes of Nurses of Pakistan with Agreeableness as a Moderator," International Journal of Business and Economic Affairs (IJBEA), Sana N. Maswadeh, vol. 6(1), pages 24-36.
    2. Innocent A. Nwosu & Ben Ohuruogu & Joseph O. A. Ekpechu & Ethelbert Okoronkwo & Christiana O. Chukwu & Chinazor Franca Obi & Francis C. Ofoegbu, 2021. "Structured Supervision Propelling Job Performance in Universities: Achieving Goals without Chains," SAGE Open, , vol. 11(4), pages 21582440211, October.

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