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MODELLING PERSONAL FINANCIAL WELLBEING ON EMPLOYEE COST IN THE SOUTH AFRICAN MANUFACTURING SECTOR

Yıl 2018, Cilt: 10 Sayı: 1, 80 - 95, 01.01.2018

Öz

With increased competitiveness and rivalry among employers, profitability and
productive employees are critical factors to increase the financial performance and
results of a company. Previous research found that the levels of personal financial
wellbeing have an impact on the profitability of an employer.
This study focused on the effect of employees’ levels of personal financial
wellbeing on their employers, with specific reference to productivity and
absenteeism (two elements of total employee cost) in the South African
manufacturing industry. For this purpose, a sample of 872 employees from this
industry was used and a quantitative, cross-sectional design was followed. The
proposed hypotheses were investigated by means of structural equation modelling
techniques with a categorical estimator. Mediation analyses were also conducted
to determine whether there were any significant indirect relationships between
financial wellbeing, productivity and absenteeism due to financial interference.
Results indicate a statistically significant negative relationship between financial
wellbeing, financial interference and absenteeism. The relationship between
financial wellbeing and productivity was, however, found to be positive.
This study adds value in that it creates awareness for entities on the importance of
personal financial wellbeing for the employer and what impact this could have on an entity’s overall performance in the South African manufacturing environment.
It also recommends that employers assist employees in managing their personal
finances better, as this will also benefit the employer.

Yıl 2018, Cilt: 10 Sayı: 1, 80 - 95, 01.01.2018

Öz

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Ayrıntılar

Diğer ID JA77CF97DE
Bölüm Araştırma Makalesi
Yazarlar

Fanus Jansen van Vuren Bu kişi benim

Prof Jaco Fouché Bu kişi benim

Jaco Barnard Bu kişi benim

Dr Leon de Beer Bu kişi benim

Yayımlanma Tarihi 1 Ocak 2018
Yayımlandığı Sayı Yıl 2018 Cilt: 10 Sayı: 1

Kaynak Göster

APA Vuren, F. J. v., Fouché, P. J., Barnard, J., Beer, D. L. d. (2018). MODELLING PERSONAL FINANCIAL WELLBEING ON EMPLOYEE COST IN THE SOUTH AFRICAN MANUFACTURING SECTOR. International Journal of Business and Management Studies, 10(1), 80-95.
AMA Vuren FJv, Fouché PJ, Barnard J, Beer DLd. MODELLING PERSONAL FINANCIAL WELLBEING ON EMPLOYEE COST IN THE SOUTH AFRICAN MANUFACTURING SECTOR. IJBMS. Ocak 2018;10(1):80-95.
Chicago Vuren, Fanus Jansen van, Prof Jaco Fouché, Jaco Barnard, ve Dr Leon de Beer. “MODELLING PERSONAL FINANCIAL WELLBEING ON EMPLOYEE COST IN THE SOUTH AFRICAN MANUFACTURING SECTOR”. International Journal of Business and Management Studies 10, sy. 1 (Ocak 2018): 80-95.
EndNote Vuren FJv, Fouché PJ, Barnard J, Beer DLd (01 Ocak 2018) MODELLING PERSONAL FINANCIAL WELLBEING ON EMPLOYEE COST IN THE SOUTH AFRICAN MANUFACTURING SECTOR. International Journal of Business and Management Studies 10 1 80–95.
IEEE F. J. v. Vuren, P. J. Fouché, J. Barnard, ve D. L. d. Beer, “MODELLING PERSONAL FINANCIAL WELLBEING ON EMPLOYEE COST IN THE SOUTH AFRICAN MANUFACTURING SECTOR”, IJBMS, c. 10, sy. 1, ss. 80–95, 2018.
ISNAD Vuren, Fanus Jansen van vd. “MODELLING PERSONAL FINANCIAL WELLBEING ON EMPLOYEE COST IN THE SOUTH AFRICAN MANUFACTURING SECTOR”. International Journal of Business and Management Studies 10/1 (Ocak 2018), 80-95.
JAMA Vuren FJv, Fouché PJ, Barnard J, Beer DLd. MODELLING PERSONAL FINANCIAL WELLBEING ON EMPLOYEE COST IN THE SOUTH AFRICAN MANUFACTURING SECTOR. IJBMS. 2018;10:80–95.
MLA Vuren, Fanus Jansen van vd. “MODELLING PERSONAL FINANCIAL WELLBEING ON EMPLOYEE COST IN THE SOUTH AFRICAN MANUFACTURING SECTOR”. International Journal of Business and Management Studies, c. 10, sy. 1, 2018, ss. 80-95.
Vancouver Vuren FJv, Fouché PJ, Barnard J, Beer DLd. MODELLING PERSONAL FINANCIAL WELLBEING ON EMPLOYEE COST IN THE SOUTH AFRICAN MANUFACTURING SECTOR. IJBMS. 2018;10(1):80-95.