FINANCIAL WELLNESS AND JOB PERFORMANCE OF THE CATHOLIC COLLEGE EMPLOYEES

Abstract

An academic institution needs to obtain and file a reliable record of its employees’ financial condition which can be useful in determining the causes of either their very satisfactory or poor job performance, which in turn can be a useful reference in their performance evaluation. This descriptive correlational study investigated the relationship between level of Financial Wellness and Job Performance of a Catholic College in a municipality of Negros Occidental. It utilized a total enumeration composed of 105 respondents from the teaching and non - teaching personnel. The survey questionnaire was adopted and modified from the study entitled, “Personal Financial Wellness and Worker Job Productivity by Soo-Yun-Joo (1998) which was validated using Lawshe’s content validity ratio and Cronbach’s Alpha to measure its reliability and yielded a content validity and reliability scores of 0.925 and 0.904 respectively. Mean and standard deviation were used to determine the level of financial wellness and Pearson Moment correlation to identify the relationship between variables. Findings revealed respondents were financially well regardless of age, sex, and length of service. Results showed that respondents attained a very satisfactory job performance regardless of age, sex, and length of service. Furthermore, there is a significant correlation between the level of financial wellness, in the aspect of financial behavior, and job performance on teaching personnel. Whereas, there is no significant correlation between financial wellness on all factors, and job performance on non-teaching personnel. A Financial Wellness Program for teaching and non-teaching personnel was developed based on the results of the study.