Today's corporate marketplace is increasingly focused on cost-effectiveness and efficiency.
As organizational restructuring and downsizing become commonplace
employers are searching for new strategies to reduce payroll expenses.
Rather than sending "pink slips" more employers are offering early
retirement packages to try to entice employees to leave voluntarily.
The decision whether to accept an early retirement offer can be
distressing and complex. If you find yourself in this position you will
need to carefully evaluate the offer as well as your personal
retirement goals and current financial situation. No matter how
attractive the offer seems it is important to understand all the
details and explore both the potential benefits and drawbacks of
accepting your buyout offer.
Consider the emotional aspects of early retirement.
Financial concerns are only one part of evaluating an early
retirement offer. Consider the following: Are you emotionally prepared
for retirement? Does accepting a company buyout plan mesh with your
retirement goals? Are their repercussions for turning down the offer?
Would you continue to be happy at your job if you turned down the
offer? Certainly, you will need to calculate the financial aspects of
your decision; however, don't forget to acknowledge the personal
factors involved with accepting or declining the offer.
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