Influential predictors for financial adequacy among Malaysian public sector employees
Financially well employees are presumed to be portraying good work attitude and may result in good work performance. This will benefit their employer and organization. Knowing the adequateness level of their finances and what influence it is important as it will also affect the organization. Hence,...
| Main Authors: | , , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
Australian Academy of Business and Social Sciences
2015
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| Online Access: | http://psasir.upm.edu.my/id/eprint/51564/1/Influential%20predictors%20for%20financial%20adequacy%20among%20Malaysian%20public%20sector%20employees.pdf |
| _version_ | 1825930555193032704 |
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| author | Abdul Rahim @ Abdul Wahab, Husniyah Othman, Mohd Amim Sabri, Mohamad Fazli Md Jusoh, Zuroni |
| author_facet | Abdul Rahim @ Abdul Wahab, Husniyah Othman, Mohd Amim Sabri, Mohamad Fazli Md Jusoh, Zuroni |
| author_sort | Abdul Rahim @ Abdul Wahab, Husniyah |
| collection | UPM |
| description | Financially well employees are presumed to be portraying good work attitude and may result in good work performance. This will benefit their employer and organization. Knowing the adequateness level of their finances and what influence it is important as it will also affect the organization. Hence, this study was performed to identify influential factors predicting financial adequacy among public sector employees. A cross-sectional study using a multistage random sampling was employed. Self-administered questionnaires were distributed at the work-place of public sector employees in Peninsula Malaysia and were able to obtain 472 usable questionnaires. Logistic regression analysis controlled for socioeconomic characteristics identified savings ratio as the most influential predictor for financial adequacy followed by number of insurance policy and net-worth. The likelihood of an employee to be financially adequate by these redictors was from four to five times as compared to being financially inadequate. Furthermore, financial risk management knowledge was also determined as influential predictor for financial adequacy. The results suggests for a financial education at the work-place to educate the employees on the need to increase savings, purchase various insurance policies and having a positive net-worth to increase employees’ financial well-being for the sake of the organization’s success. |
| first_indexed | 2024-03-06T09:13:18Z |
| format | Conference or Workshop Item |
| id | upm.eprints-51564 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T09:13:18Z |
| publishDate | 2015 |
| publisher | Australian Academy of Business and Social Sciences |
| record_format | dspace |
| spelling | upm.eprints-515642017-04-05T04:07:32Z http://psasir.upm.edu.my/id/eprint/51564/ Influential predictors for financial adequacy among Malaysian public sector employees Abdul Rahim @ Abdul Wahab, Husniyah Othman, Mohd Amim Sabri, Mohamad Fazli Md Jusoh, Zuroni Financially well employees are presumed to be portraying good work attitude and may result in good work performance. This will benefit their employer and organization. Knowing the adequateness level of their finances and what influence it is important as it will also affect the organization. Hence, this study was performed to identify influential factors predicting financial adequacy among public sector employees. A cross-sectional study using a multistage random sampling was employed. Self-administered questionnaires were distributed at the work-place of public sector employees in Peninsula Malaysia and were able to obtain 472 usable questionnaires. Logistic regression analysis controlled for socioeconomic characteristics identified savings ratio as the most influential predictor for financial adequacy followed by number of insurance policy and net-worth. The likelihood of an employee to be financially adequate by these redictors was from four to five times as compared to being financially inadequate. Furthermore, financial risk management knowledge was also determined as influential predictor for financial adequacy. The results suggests for a financial education at the work-place to educate the employees on the need to increase savings, purchase various insurance policies and having a positive net-worth to increase employees’ financial well-being for the sake of the organization’s success. Australian Academy of Business and Social Sciences 2015 Conference or Workshop Item PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/51564/1/Influential%20predictors%20for%20financial%20adequacy%20among%20Malaysian%20public%20sector%20employees.pdf Abdul Rahim @ Abdul Wahab, Husniyah and Othman, Mohd Amim and Sabri, Mohamad Fazli and Md Jusoh, Zuroni (2015) Influential predictors for financial adequacy among Malaysian public sector employees. In: Australasian Conference on Business and Social Sciences (ACBSS) 2015, 13-14 Apr. 2015, Central Queensland University - Sydney Campus, Sydney, Australia. (pp. 532-541). https://www.aabss.org.au/research-papers/influential-predictors-financial-adequacy-among-malaysian-public-sector-employees |
| spellingShingle | Abdul Rahim @ Abdul Wahab, Husniyah Othman, Mohd Amim Sabri, Mohamad Fazli Md Jusoh, Zuroni Influential predictors for financial adequacy among Malaysian public sector employees |
| title | Influential predictors for financial adequacy among Malaysian public sector employees |
| title_full | Influential predictors for financial adequacy among Malaysian public sector employees |
| title_fullStr | Influential predictors for financial adequacy among Malaysian public sector employees |
| title_full_unstemmed | Influential predictors for financial adequacy among Malaysian public sector employees |
| title_short | Influential predictors for financial adequacy among Malaysian public sector employees |
| title_sort | influential predictors for financial adequacy among malaysian public sector employees |
| url | http://psasir.upm.edu.my/id/eprint/51564/1/Influential%20predictors%20for%20financial%20adequacy%20among%20Malaysian%20public%20sector%20employees.pdf |
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