05505nam a22001937a 4500003000400000005001700004008004100021040001400062100002900076245013900105260000900244300002900253500005600282504003200338520478200370942001605152999001705168952012605185OSt20211119131919.0211119b        |||||||| |||| 00| 0 eng d  aMMSUcULS  aGaoiran,Kenneth John S.   aFinancial Literary and quality of well-being of the employees of venvi group of companies in Ilocos Norte / cKenneth John S. Gaoiran   c2021  axii,105 leaves c28 cm.   aThesis (Master in Management-Financial Management 
  aBibliography: leaves 89-94.  a		ABSTRACT GAOIRAN, KENNETH JOHN S. Mariano Marcos State University. May 2021. FINANCIAL LITERACY AND QUALITY OF WELL-BEING OF THE EMPLOYEES OF VENVI GROUP OF COMPANIES IN ILOCOS NORTE. Major Adviser: Errol John V. Valdez, Ph.D.  	The research study was conducted to determine the level of financial literacy and quality of well-being of employees of Venvi Group of Companies in Ilocos Norte. It also determined the differences in the level of financial literacy and quality of well-being and the relationship of financial literacy and quality of well-being of the employees. The study provides information to employees, not only of the Venvi Group of Companies' but also to other companies, on the importance of financial literacy and of enhancing their financial knowledge and skills through education and training to enhance the quality of their well-being. Such information can serve as the basis for companies to conduct financial literacy programs for the employees to increase their financial knowledge and management skills and enhance the quality of their well-being. The descriptive design was used to describe the profile, level of financial literacy, quality of well-being, and differences in the levels of financial literacy and quality of well-being of employees in the context of their profile. The correlation design was used to determine the relationship between the level of financial literacy and the quality of well-being of the employees.The study involved 224 randomly selected employees deployed in the 12 companies of Venvi in Ilocos Norte. Proportional allocation was used to determine the number of employees who participated in the study. A survey questionnaire was used in gathering data from the employees. The data were analyzed and interpreted using frequencies, percentages, mean, analysis of variance, and the Pearson product-moment correlation coefficient. 	It was found out that majority of the employees of Venvi Group of Companies were young, male, single, bachelor degree holders, affiliated with Venvi Agro-Industrial Ventures, occupying rank and file positions, and whose primary source of income was their employment. Majority had been employed at Venvi from one to five years and have not attended trainings on financial literacy. 	The employees had a high level of financial literacy which means that they were equipped with financial knowledge and skills, could formulate financial plans and make effective decisions in managing their financial resources.The quality of their well-being was generally good as they could earn income to enable them to provide for their and their families' basic needs, and have acquired enough resources which is a significant measures of their core and context well-being. In addition, they live in enabling environments in which family members, neighbors, and communities are ready to help them in time of emergencies. There were significant differences in the level of financial literacy in terms of financial education, financial planning, and financial management based on the sources of income of the employees. 	There were also significant differences in the core well-being and context well- being of the employees based from their position level and number of trainings attended on financial literacy. The study also found out that a significant relationship existed between level of financial literacy and quality of well-being of the employees which implies that an improvement in financial literacy leads to a better quality of well-being. The study concluded that the respondents' high level of financial literacy could be attributed to their ability to equip themselves with financial knowledge, financial plans, and skills in making effective decisions in the use and management of their financial resources and to provide financial security for themselves and their families. The significant differences in the levels of financial literacy and the quality of well-being of the employees imply the necessity for Venvi Group of Companies to provide assistance to employees to gain knowledge on financial literacy and promote quality of their well- being. 	The study recommended that the respondents continue to equip themselves with knowledge to improve their financial literacy and give them a better outlook of their families' welfare vis-à-vis uncertainties. The Venvi Group of Companies may develop financial literacy programs and trainings to build awareness and help its employees become more knowledgeable and responsible in managing their finances. Further, more studies on financial literacy and quality of well-being considering other factors that were not included in the study should be conducted to provide more information on financial literacy and quality of well-being.  2ddccTHEDIS  c16865d16865  00102ddc4070aMMSU_MAINbMMSU_MAINcTHESESd2021-11-19i926p926-Thesisr2021-11-19w2021-11-19yTHEDISzROOM USE ONLY