An Analysis of the Reasons for Voluntary Retirement

HE retirement is a concept of recent origin though it could be traced to Indian philosophy. The reasons related to voluntary retirement scheme (VRS) of Government of India and its response by public sector employees have been analyzed in this paper. There are number of reasons for opting to VRS like doing some business, job dissatisfaction, health and personal reasons. There exists variation in reasons for opting to VRS and not opting to amongst male and female employee. The findings of the study are discussed in line with earlier research work. The study has great implication for the human resource managers and policy makers in the present millennium. The HR managers must take into consideration the mindset of people so that they can act as a facilitator of personal and organizational excellence.