I am working for a golf course and we have around 150 employees. Management wishes to reduce costs by automating processes and reducing manpower. One of the options we are looking at is introducing a voluntary retirement scheme. We have recently enhanced the retirement age from 58 to 60 years and as a result retirement is postponed by two years. However, through retirements, we cannot achieve the desired reduction in manpower. Management is looking at at least a 15- 20% reduction in manpower.
Since I have no experience in introducing a voluntary retirement scheme, appreciate it if someone could share details on how to design one If somebody has already introduced some kind of voluntary retirement scheme in their organization, would be helpful if they would share the details with me.
Thanks
From India, Mumbai
1Since I have no experience in introducing a voluntary retirement scheme, appreciate it if someone could share details on how to design one If somebody has already introduced some kind of voluntary retirement scheme in their organization, would be helpful if they would share the details with me.
Thanks
From India, Mumbai
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Voluntary Retirement Scheme.pdf
Voluntary Retirement.docx