FINANCIAL STRESS AMONG BANK EMPLOYEES IN DIGOS CITY, DAVAO DEL SUR, PHILIPPINES
Abstract
Financial stress has gained increasing attention due to workplace demands, which contribute to unproductivity, absenteeism, and poor decision-making. The study assesses the level of financial stress experienced by bank employees in Digos City, Davao del Sur, and its emotional, physiological, and relational impacts. The authors employ a qualitative research approach to achieve the study's goals, aided by a documentary analysis. The research design is descriptive-comparative, and the research method is a survey. The number of respondents is 199 employees(bank). According to the evidence, employees experience moderate stress, but financial stress is identified as a major issue. Of the dimensions, emotional exhaustion was the most significant indicator, followed by anxiety, depression, and relational problems. An analysis of demographic factors revealed a significant association between monthly income, marital status, and stress levels. Employees earning below Php 20,000 experienced more stress. Also, single employees experienced more stress. There was minimal effect of age and gender on the stress levels. The authors suggest implementing financial literacy programs, stress management workshops, and institutional support services to reduce financial stress, enhance employee well-being, and increase retention and productivity in the workplace. The findings underscore the substantial impact of financial stress on maintaining employee engagement and resilience within the banking sector.
JEL: D91, G21, I31, I39, J28, J81, M54
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DOI: http://dx.doi.org/10.46827/ejefr.v10i3.2206
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