What motivates employees to delay retirement

By John Hobel
|Canadian HR Reporter|Last Updated: 12/11/2003

W

hile financial hardships may force people to delay retiring, whether they’ll work for you is another matter.

When making a decision about retirement, people must weigh the costs and benefits of such things as additional time for family, friends and travel versus financial concerns, keeping both mentally and physically active and the pleasure that comes from work, says Brian Hayhoe, a partner with Toronto-based Acquaint Financial Inc., a firm that provides independent financial education to employees.