Corporate Financial Education as a Tool for Quality of Work Life
Corporate Financial Education as a Tool for Quality of Work Life
DOI:
https://doi.org/10.51473/rcmos.v1i8.2021.1154Keywords:
Financial education; Quality of work life; Economic psychology; Behavioral finance; Human resources.Abstract
This article investigates the relationship between corporate financial education and quality of work life (QWL), considering contributions from economic psychology and behavioral finance. The aim is to analyze how financial education programs, promoted by Human Resources departments, positively impact employees' financial, emotional, and productive well-being. The research is based on theoretical reviews, case studies, and secondary data that highlight the correlation between financial literacy and improved organizational performance indicators. The results show that introducing financial education initiatives into the corporate environment not only reduces employees' financial stress but also enhances productivity, talent retention, and job satisfaction.
Downloads
References
AMERICAN PSYCHOLOGICAL ASSOCIATION. Stress in America: Coping with Change.
Washington, DC, 2017.
ARIELY, D.; WERTENBROCH, K. Procrastination, Deadlines, and Performance: SelfControl by Precommitment. Psychological Science, v. 13, n. 3, p. 219–224, 2002. DOI: https://doi.org/10.1111/1467-9280.00441
ATKINSON, A.; MESSY, F. Measuring Financial Literacy: Results of the OECD/INFE Pilot
Study. Paris: OECD Publishing, 2012.
DENISI, A. S.; GRIFFIN, R. W. Human Resource Management. Boston: Houghton Mifflin,
FERNANDES, D.; LYNCH, J. G.; NETEMEYER, R. G. Financial Literacy, Financial
Education, and Downstream Financial Behaviors. Management Science, v. 60, n. 8, p. 1861–
, 2014.
HILGERT, M. A.; HOGARTH, J. M.; BEVERLY, S. G. Household Financial Management:
The Connection between Knowledge and Behavior. Federal Reserve Bulletin, v. 89, n. 7, p.
–322, 2003.
HUSELID, M. A. The Impact of Human Resource Management Practices on Turnover,
Productivity, and Corporate Financial Performance. Academy of Management Journal, v. 38,
n. 3, p. 635–672, 1995.
KAHNEMAN, D. Thinking, Fast and Slow. New York: Farrar, Straus and Giroux, 2011.
KIM, J.; GARMAN, E. T. Financial Stress and Absenteeism: An Empirically Derived Model.
Financial Counseling and Planning, v. 14, n. 1, p. 31–42, 2003.
LAIBSON, D. Golden Eggs and Hyperbolic Discounting. Quarterly Journal of Economics, v.
, n. 2, p. 443–477, 1997.
LUSARDI, A.; MITCHELL, O. S. The Economic Importance of Financial Literacy: Theory
and Evidence. Journal of Economic Literature, v. 52, n. 1, p. 5–44, 2014. DOI: https://doi.org/10.1257/jel.52.1.5
NETEMEYER, R. G. et al. How Am I Doing? Perceived Financial Well-Being, Its Potential
Antecedents, and Its Relation to Overall Well-Being. Journal of Consumer Research, v. 45, n.
, p. 68–89, 2018. DOI: https://doi.org/10.28937/1000108077
SCHUCHARDT, J. et al. Financial Literacy and Education Research Priorities. Journal of
Financial Counseling and Planning, v. 20, n. 1, p. 84–95, 2009.
THALER, R. H.; SUNSTEIN, C. R. Nudge: Improving Decisions about Health, Wealth, and
Happiness. New Haven: Yale University Press, 2008.
WALTON, R. E. Quality of Working Life: What Is It? Sloan Management Review, v. 15, n. 1,
p. 11–21, 1973.
Downloads
Additional Files
Published
Issue
Section
Categories
License
Copyright (c) 2021 Tamires Fernandes de Oliveira (Autor)

This work is licensed under a Creative Commons Attribution 4.0 International License.




