Influence of retirement scheme knowledge on job exit preparedness among hospitals’ employees in Nakuru town, Kenya

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dc.contributor.author Runnoh, Jacinta N.
dc.contributor.author Ndirangu, Antony N.
dc.date.accessioned 2019-03-25T08:23:59Z
dc.date.available 2019-03-25T08:23:59Z
dc.date.issued 2018-11
dc.identifier.citation International Journal of Business Management and Economic Review, Vol. 1, No. 06 en_US
dc.identifier.issn 2581-4664
dc.identifier.uri http://ijbmer.org/uploads/BMER_1_68.pdf
dc.identifier.uri http://repository.seku.ac.ke/handle/123456789/4414
dc.description.abstract Financial literacy enables individuals to plan for job exit and retirement, make proper choices on pension products and contribute effectively in management of their pension schemes. The objective of this study was to determine the influence of retirement scheme knowledge on job exit preparedness of employees in hospitals in Nakuru town, Kenya. The study was anchored on the Prospect Theory. The study adopted descriptive survey. The target population included employees in 15 hospitals in Nakuru town which have a total of 2221 employees. A sample of 96 respondents was selected as the respondents. Questionnaires were used for data collection. Questionnaires were tested for validity and reliability. Data was analyzed using descriptive statistics and inferential statistics and presented in tables accompanied by relevant discussions. The researcher established that retirement scheme knowledge had a significant relation with job exit preparedness. In this regard, the study concluded that retirement scheme knowledge had a crucial role in determining job exit preparedness of employees in hospitals in Nakuru Town. The study recommended that in regard to retirement scheme knowledge the employers should ensure that financial literacy programs and workshops be offered and conducted with comprehensive information on savings and more specifically on retirement be emphasized. en_US
dc.language.iso en en_US
dc.subject Financial Literacy en_US
dc.subject Job Exit Preparedness en_US
dc.subject Hospitals’ Employees en_US
dc.subject Retirement Knowledge Scheme en_US
dc.subject Retirement Scheme en_US
dc.title Influence of retirement scheme knowledge on job exit preparedness among hospitals’ employees in Nakuru town, Kenya en_US
dc.type Article en_US


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