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Centre for Policy on Ageing | |
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| Factors affecting employment retention among older workers in South Korea | | Author(s) | Sanghee Kim |
| Journal title | Working with Older People, vol 20, no 1, 2016 |
| Publisher | Emerald, 2016 |
| Pages | pp 14-22 |
| Source | www.emeraldgrouppublishing.com/wwop.htm |
| Keywords | Recruitment ; Staff turnover ; Employment of older people ; Retirement policy ; Quantitative studies ; Longitudinal surveys ; Korea. |
| Annotation | This paper aims to determine employee retention rates and to describe factors affecting employee retention among older workers. The author conducted secondary data analysis using data from the Korea Employment Information Service's Korean Longitudinal Study of Ageing (KLoSA). The author used data on 1,264 newly employed older workers from the 2010 KLoSA to determine their employment retention status based on data from the 2012 KLoSA. The employee turnover rate of older workers was 37.1% between 2010 and 2012, indicating that one-third of older workers stopped work within the two years studied. Factors affecting the employment retention of older workers were education level, job position, job type, work-related stress, health status, and activity limitation due to health status. This study concentrated on the South Korea context. Given the particular circumstances facing South Korea (as outlined in the study), it is unlikely that the findings would provide a base for informing employment retention strategies for older workers in other societies. However, the South Korean government could use the findings in formulating a policy for improving welfare in workplaces, to increase the employment retention rate for older workers. Employers employing or intending to hire older workers would have a better understanding of factors that affect retention of older workers. To reduce their work-related stress, older workers require a safe and healthy work environment that considers their health status. (RH). |
| Accession Number | CPA-160311201 A |
| Classmark | WK6: WJ7: GC: G5: 3DQ: 3J: 7DK |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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