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Home  »News  »Finance News

Employees nearing retirement 'happiest in their job'

07/12/2009

People who are nearing retirement are most content with their job, new research has found. The survey, which was carried out by Quality of Work Life (QoWL), found that employees are at their most satisfied in their working lives when aged under 25 and 60 or over, a sensation QoWL have labelled the 'pre-retirement bounce'. According to the results, it is men rather than women who feel the pre-retirement bounce most. This contradicts previous quality of life research that shows that generally women are happier in their working lives than men. Mike Emmot, a public policy advisor for the Chartered Institute of Personnel and Development (CIPD), said that the findings are "not overly surprising". He added that, at this stage in a career, many have "achieved or failed to achieve...earlier career aspirations". Speaking about the study findings, which showed that men were more content nearer retirement age, Mr Emmot said the CIPD's research was different. "It is plausible to imagine for men it is a bigger step. It represents freedom, whereas for women there isn't the same expectation of being relieved from domestic chores," he added. Last month, financial services group Prudential said that around 1.8 million people will be expected to work beyond traditional retirement age in just ten years time. Get your free equity release guide and find out how you can get some additional income.

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