Determinants of employee perception on financial well-being in Putrajaya

This study examines the relationship between financial stress, work environment, locus of control, financial behavior and financial well-being among public employees in Putrajaya. A survey was carried out to acquire data from 374 public employees using a self-administered online questionnaire, utili...

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Main Authors: Mokhtar, Nuradibah, Abd Rahim, Husniyah
Format: Article
Language:English
Published: Malaysian Consumer and Family Economics Association 2016
Online Access:http://psasir.upm.edu.my/id/eprint/55467/
http://psasir.upm.edu.my/id/eprint/55467/2/Determinants%20of%20employee%20perception%20on%20financial%20well-being%20in%20Putrajaya.pdf
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author Mokhtar, Nuradibah
Abd Rahim, Husniyah
author_facet Mokhtar, Nuradibah
Abd Rahim, Husniyah
author_sort Mokhtar, Nuradibah
building UPM Institutional Repository
collection Online Access
description This study examines the relationship between financial stress, work environment, locus of control, financial behavior and financial well-being among public employees in Putrajaya. A survey was carried out to acquire data from 374 public employees using a self-administered online questionnaire, utilizing multistage random sampling. Results showed that financial stress (r= -0.643**, p< 0.01), work environment (r= 0.247**, p< 0.01), locus of control (r= 0.395**, p< 0.01) and financial behavior (r= 0.363**, p< 0.01) have significant relationship with financial well-being. It was discovered that respondents who were experiencing lower financial stress, have positive work environment, locus of control and financial behavior tend to have a better financial well-being. Financial stress (beta = -0.543, p< 0.01), work environment (beta = 0.080, p< 0.01), locus of control (beta = 0.132, p< 0.01) and financial behavior (beta = 0.244, p<0.01) have significant influence on respondents’ financial well-being. Based on the results, financial well-being can be enhanced through the decreased of the employees’ financial stress and increasing of their work environment, locus of control and financial behavior.
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spelling upm-554672018-08-27T02:14:08Z http://psasir.upm.edu.my/id/eprint/55467/ Determinants of employee perception on financial well-being in Putrajaya Mokhtar, Nuradibah Abd Rahim, Husniyah This study examines the relationship between financial stress, work environment, locus of control, financial behavior and financial well-being among public employees in Putrajaya. A survey was carried out to acquire data from 374 public employees using a self-administered online questionnaire, utilizing multistage random sampling. Results showed that financial stress (r= -0.643**, p< 0.01), work environment (r= 0.247**, p< 0.01), locus of control (r= 0.395**, p< 0.01) and financial behavior (r= 0.363**, p< 0.01) have significant relationship with financial well-being. It was discovered that respondents who were experiencing lower financial stress, have positive work environment, locus of control and financial behavior tend to have a better financial well-being. Financial stress (beta = -0.543, p< 0.01), work environment (beta = 0.080, p< 0.01), locus of control (beta = 0.132, p< 0.01) and financial behavior (beta = 0.244, p<0.01) have significant influence on respondents’ financial well-being. Based on the results, financial well-being can be enhanced through the decreased of the employees’ financial stress and increasing of their work environment, locus of control and financial behavior. Malaysian Consumer and Family Economics Association 2016-12 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/55467/2/Determinants%20of%20employee%20perception%20on%20financial%20well-being%20in%20Putrajaya.pdf Mokhtar, Nuradibah and Abd Rahim, Husniyah (2016) Determinants of employee perception on financial well-being in Putrajaya. Malaysian Journal of Consumer and Family Economics, 19. pp. 27-52. ISSN 1511-2802
spellingShingle Mokhtar, Nuradibah
Abd Rahim, Husniyah
Determinants of employee perception on financial well-being in Putrajaya
title Determinants of employee perception on financial well-being in Putrajaya
title_full Determinants of employee perception on financial well-being in Putrajaya
title_fullStr Determinants of employee perception on financial well-being in Putrajaya
title_full_unstemmed Determinants of employee perception on financial well-being in Putrajaya
title_short Determinants of employee perception on financial well-being in Putrajaya
title_sort determinants of employee perception on financial well-being in putrajaya
url http://psasir.upm.edu.my/id/eprint/55467/
http://psasir.upm.edu.my/id/eprint/55467/2/Determinants%20of%20employee%20perception%20on%20financial%20well-being%20in%20Putrajaya.pdf