EARLY RETIREMENT INTENTIONS AMONG IT PROFESSIONALS: ANALYZING FINANCIAL PREPAREDNESS, WORK STRESS, AND CAREER SATISFACTION

Abstract

Retirement remains the major concern for the salaried individuals due to limited funding, financial instability and other reasons. This study looks at the factors that influence IT professionals in South India's plans for early retirement. It focuses on financial preparedness, work stress, and career satisfaction. The survey was completed by 286 IT workers, and information was gathered through a well-organized questionnaire. To test the relationships between the variables, descriptive and inferential statistical analyses, such as correlation and regression analysis, were carried out with SPSS. Financial preparedness has a negative effect on plans for early retirement, while work stress and career satisfaction have a positive effect. Specifically, employees are more likely to consider early retirement if they are more financially prepared, whereas employees are more likely to be stressed out at work and dissatisfied with their careers. As a result of these findings, businesses ought to place a higher priority on promoting financial planning, lowering levels of stress at work, increasing levels of career satisfaction, and mitigating plans for early retirement. The study provides IT companies with valuable insights that can be used to develop strategies to improve employee well-being and retention.