Bridge Employment: The Moderating Effect of Job Satisfaction on Retirement Planning.

Abstract

The proportion of Malaysian age above 60 years old is expected to be more than doubled from 7% of the total population in 2000 to 16% in 2020 (Department of Statistics,2010). The similar finding was reported by Mafauzy, M. (2000) indicating that between 1990 and 2020, the aged population is expected to increase by 210%, an increase from 1.05 million in 1990 to 3.26 million in 2020. By 2040, one fifth of Malaysian are expected to be in the more than 60-years old bracket. With the longer life expectancy, better health facilities as well as improved economics condition will encourage more people to venture into bridge employment. Opportunities from various angle of bridge employment;  whether it is to fulfill one financial needs, or as a stepping stone for full-time retirement or even to fill gap of experienced worker in the economy , study on effects of bridge employment is worth researching. 101 samples were collected out of 15 questionnaires distributed in the area of Kota Kinabalu for this preliminary study. This study found a significant relationship between retirement planning and bridge employment. At the same time, this study also proved a significant moderating effect of job satisfaction on retirement planning and bridge employment.

Keywords: Bridge Employment, Retirement Planning, Job Satisfaction