Philippine E-Journals

Factors Leading to Early Retirement of Selected Filipino Seafarers On Board: Its Advantages and Disadvantages

C. Devis | E. Hiponia | N. Peralta | J. Perez | J. Sacapaño | R. Padunan III

 

Abstract:

The study focused on the different factors that lead to the early retirement of the Filipino Seafarers, its advantages and disadvantages. The study will serve as a reference for the seafarers who want conduct further study on the factors that lead to early retirement of Filipino seafarers. This quantitative study utilized the descriptive method specifically the survey type. Researches gathered data form a sample size of at least forty (40) seafarers based in Metro Manila who retired early. For the convenience of the researchers, quota sampling was utilized. Self-made survey questionnaire was developed by the researchers using a Likert Scale with the help of the grammarian, research expert and a Chief mate or validation. Based from the conducted survey, the following are the factors considered by the seafarers that could lead to early retirement arranged from the highest mean to the lowest mean: 1) Away from the family, 2) Putting Up family business, 3) Health Issues, 4) Work condition, and 5) Employed into other jobs. The following were considered to be the advantages of early retirement on board: (1) In terms of health advantages, sample seafarers agreed it is very true that heavy physical work is no longer experienced upon early retirement (2) benefits gained by the family for the new career are commendable; (3) In terms of leisure time, it is true that vacation during regular and special holidays could be experienced; and finally (4) Starting up a family business can be done in lieu of work in the maritime industry. On the other hand, seafarers believe that it is true that they get smaller compensation when they retire early compared when working on board as a disadvantage. Finally, there is a high correlation between disadvantages and advantages and the correlation is significant. At the same time, there is no significant difference on the mean responses of the seafarers on factors leading to early retirement when grouped according to department, position and years in service.