Sense of coherence: A distinct perspective on financial well-being
South African Journal of Economic and Management Sciences
Field | Value | |
Title | Sense of coherence: A distinct perspective on financial well-being | |
Creator | Barnard, Antoni | |
Description | With the ongoing financial challenges being faced in the economic environment, research exploring financial and psychological well-being is of significant value because employees socio-economic behaviour affects productivity. Research emphasises mainly the effect of income level on psychological well-being, and its orientation to psychological well-being is narrowly derived from a focus on subjective well-being constructs. This study addresses the research gap by exploring the relationship dynamics between sense of coherence, income level and financial well-being. Secondary data were obtained from a cross-sectional online employee-wellness survey (n=7 185). The sample distribution included 66 per cent females and 34 per cent males from various age groups, with 46 per cent of the sample comprising single-household earners and 54 per cent sharing household income. Analysis of variance was conducted to examine the relationship dynamics between sense of coherence, level of income and financial well-being. Demographic variables that formed part of the survey results were included in the analysis. The relationships between sense of coherence and identified significant income level, financial well-being and demographic effects were further explored in Bonferroni multiple comparisons of means test and cross reference frequency tables that included Pearsons chi-square and/or CochranArmitage trend tests. Detail results indicate that high-income employees exhibit a significantly stronger sense of coherence than low-income employees, and that, despite level of income, financial wellbeing is nevertheless positively related to sense of coherence. Results indicate important implications for managing a financially healthy workforce. Limitations are discussed and recommendations for future research are highlighted. | |
Publisher | AOSIS Publishing | |
Date | 2016-11-25 | |
Identifier | 10.4102/sajems.v19i4.1405 | |
Source | South African Journal of Economic and Management Sciences; Vol 19, No 4 (2016); 647-660 2222-3436 1015-8812 | |
Language | eng | |
Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajems.org/index.php/sajems/article/view/1405/649
https://sajems.org/index.php/sajems/article/downloadSuppFile/1405/518
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