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Rehabilitation of VRS Seekers: Myths and Realities

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  • Avinash D. Pathardikar
  • Sangeeta Sahu

Abstract

VRS is viewed as one of the methods for the turnaround of the company when the business cycle is on a declining curve. Though these schemes have reduced excess fat of the organisations, but the life of individuals getting VRS has long been neglected. The study attempts to reveal the benefits provided by the organisation to the voluntarily retired employees and their life after voluntary retirement in terms of various independent and dependent variables. Findings show significant relation of age, income, education and number of dependents with worries and tensions after VRS. Moreover, the financial support from organisation in the form of compensation is not enough. The results highlight the need of greater role to be played by the organisations for VRS seekers in preparing them for a better life after.

Suggested Citation

  • Avinash D. Pathardikar & Sangeeta Sahu, 2008. "Rehabilitation of VRS Seekers: Myths and Realities," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 33(2), pages 260-274, May.
    • Handle: RePEc:sae:manlab:v:33:y:2008:i:2:p:260-274
    DOI: 10.1177/0258042X0803300207
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