Potential benefits to the company of early retirement incentive plans are:

Question

Quizplus · Accepted Answer

Early retirement incentive plans can help companies reduce payroll costs as they encourage older employees to retire earlier than planned. This can free up funds that can be allocated towards hiring younger employees or investing in other areas of the company. However, the other choices such as higher turnover rates, more pension claims, and increased employee motivation may not always be guaranteed as the success of the plan largely depends on how it is implemented and communicated to employees.

Potential Benefits to the Company of Early Retirement Incentive Plans