Factors Affecting the Retirement Preparedness of Employees in A Company

As Thailand is entering a complete aging society, it is very important to prepare for changes in life after retirement. This survey research aims to 1) compare the level of retirement readiness of employees in 6 dimensions: mental, physical, financial, leisure time, family relationships, and housing; 2) compare differences in retirement readiness of employees classified by general personal data; and 3) study factors affecting retirement readiness of employees, focusing on finance. A questionnaire was used as the data collection tool from a sample of 253 employees from operational to executive levels. The statistics used for analysis were descriptive statistics, one-way analysis of variance, and multiple linear regression analysis. The study's findings revealed that employees demonstrated a significant degree of mental preparedness, succeeded by family relationships, physical health, leisure time, housing, and finances, in that order. The degree of preparedness was positively affected by the income earned from the company and the age of employees nearing retirement. Moreover, the cost of living in each region influenced the assessment of income sufficiency. Information perception
is the primary factor contributing to the financial readiness issue faced by employees at this
organization, with the position level and work-life balance factors following closely behind at
a significance level of 0.05.