oboloo Glossary

Service Corps Of Retired Executives Score

oboloo Glossary

Service Corps Of Retired Executives Score

The Service Corps of Retired Executives Score (SCORE) is an index used to measure the effectiveness of corporate retirement programs. It measures how well a company is able to retain its retirees, as well as how successful they are in their post-retirement roles. The score is calculated by taking into account the average number of years served by retired executives and the total number of retirements within a given time period. Companies with higher SCORES have better retention rates and demonstrate a commitment to helping their employees make a successful transition from career to retirement. Ultimately, the higher the SCORE, the more attractive an employer will be for experienced professionals looking to take the next step in their career.