Determinants of saving behavior among employees in Dyson Manufacturing Sdn Bhd / Nur Raidah Abdul Aziz

• Main Author: Abdul Aziz, Nur Raidah
• Format: Student Project
• Language: English
• Published: 2015
• Subjects: Employee motivation; Personal finance. Financial literacy
• Online Access: http://ir.uitm.edu.my/id/eprint/43044/1/43044.pdf; http://ir.uitm.edu.my/id/eprint/43044/

Personal/ saving behavior is important because it will determine a person's financial success. Therefore, it is important to identify the saving behavior as people are more to spend rather than to save. The objective of the study is to investigate whether financial literacy, peer influence, and self-control have an influence on the saving behavior among employees in Dyson Manufacturing Sdn Bhd. Primary data were collected using a self-administered questionnaire. Questionnaires were distributed to the 120 respondents. The data obtained were analyzed using SPSS 18.0 which involves a scale of descriptive, reliability, Pearson Correlation Coefficient, and regression analysis. The result showed only financial literacy have influence towards saving behavior among employee in Dyson Manufacturing Sdn Bhd Findings highlighted the need for financial education programs for workers to be directed at facilitating changes in financial management practices and reduce financial stress and improving financial knowledge. The researcher has recommended that workplace financial education programs could improve workers' financial problems by reducing financial stress. Workers who attended financial education seminars and workshops reported less financial stress, and lower financial problem than those who did not