Which of the following statements is true of phased retirement?
A) It increases the hiring and training costs incurred by companies.
B) Employees can no longer avail any of the benefits they would otherwise receive when working full time.
C) It allows companies to retain experienced, valuable workers.
D) Employees are provided legal reasoning and a huge compensation to voluntarily retire before the retirement age.

Question

Quizplus · Accepted Answer

Phased retirement allows companies to retain experienced, valuable workers, which can be beneficial for the company's productivity and knowledge retention. A is incorrect because although there may be some increased costs associated with hiring and training new employees, phased retirement can also save on costs by reducing the number of full-time employees. B is incorrect because employees can still receive some benefits, depending on the specific arrangement made for phased retirement. D is incorrect because employees are not necessarily provided legal reasoning or a huge compensation to voluntarily retire before the retirement age.

Which of the Following Statements Is True of Phased Retirement