期刊名称：International Journal of Business and Management Studies
电子版ISSN：1309-8047
出版年度：2018
卷号：10
期号：1
页码：80
出版社：Social Sciences Research Society
摘要：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.
