Abstract

Author:
Khamille N. Carmona

Doi: 10.26480/jtwe.01.2025.01.10

This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

This study investigates the effectiveness of a comprehensive financial management approach aimed at enhancing the financial well-being of employees at San Pablo Colleges Medical Center (SPCMC). The research addresses the pressing need for effective financial management strategies tailored to the unique circumstances of healthcare professionals. To assess their current financial practices, issues, and needs, data were obtained from a sample of SPCMC employees using a mixed-methods approach that included surveys and interviews. The study used a quantitative research method. Weighted mean was the statistical treatment used. The participants of the study were 150 employees obtained through stratified random sampling. Findings show that the employees of SPCMC are generally struggling when it comes to managing their personal finances. The recommendation includes an innovative financial literacy program, incorporating elements of budgeting, saving, investing, and debt management. The program must be developed and implemented within the organization. Evaluation of the program’s impact will reveal significant improvements in financial knowledge, confidence, and behaviors among participants, leading to enhanced financial well-being and reduced financial stress levels.