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Workers’ Knowledge of Prospects and Challenges Awaiting Retirees at Retirement in Nigeria
Olatomide, Onijuni Olufemi1
and Christopher O. Fashiku
Journal Title:Asia Pacific Journal of Education, Arts and Sciences
Abstract
This study examined knowledge of workers from Osun
and Oyo States on prospects and challenges awaiting
retirees in retirement in Southwestern Nigeria. Using
the descriptive survey method, a sample of 258
respondents was randomly selected from the two states.
A validated instrument titled ‘’Questionnaire on
Workers’ Knowledge of Prospects and Challenges in
Retirement’’ was used to obtain data from the
respondents. The reliability coefficient of the instrument
was 0.67, using Pearson Product Moment Correlation.
The data collected were analysed using descriptive
statistics to analyse the research questions, and t-test
and ANOVA test of difference were used to analyse the
research hypotheses. The results revealed that workers
had average knowledge and good knowledge
respectively about prospects and challenges awaiting
retirees in retirement. The study further revealed that
respondents’ sex, and nature of service did not
significantly influence their knowledge of both
phenomena of retirement. The study equally revealed
the mass media as the major sources of information for
the respondents. Based on these findings, it is
recommended that appropriate fora – both in the
workplace and the mass media should be employed to
create requisite awareness about prospects in
retirement for employees and the general public.
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