Aligning wealth and work:Investigating financial wellbeing’s influence on performance among young adults in a hospitality company

Abstract

The aim of this study was to investigate the relationship between financial well-being and work performance in young adults employed in a hospitality company. A total of 124 respondents took part in this quantitative study, for which a structured questionnaire with 23 items on financial well-being and work performance was used. The data was analyzed using descriptive and inferential statistics in SPSS version 27. The results indicate that the participants' financial well-being is moderate and their work performance is high. The study highlights the significant impact of financial well-being on employee job performance and provides valuable insights for organizational policies and employee development initiatives. The study concludes with recommendations for improving financial wellbeing to optimize work performance.