Financial Well-being among Public Employees in Malaysia: A Preliminary Study

Public employee’s innovativeness, responsiveness, efficiency and friendliness in services are the
core prescriptions to enhance the competitiveness of one’s country. Financial well-being and
employees are two aspects that consequently related with each other that have received
substantial deliberation from researchers, employers and financial advisor. Financial well-being can
affect both direct and indirectly towards an individual, team and also organization. Changes in
employee’s financial well-being level whether it becomes high or low will affect their job performance.
The purpose of this study is to discuss the level of public employee’s financial well-being in Malaysia
as well as to examine the determinants of financial well-being. A total of 73 questionnaires have been
distributed through e-survey (email based) using convenient sampling technique in order to conduct
this pilot test (pre-test). Only 30 public employees have participated in this study. The results identified
that majority of public employees is at the moderate level of financial well-being. Even so, appropriate
action should be taken through financial education in order to prevent worst case scenario in the
future.