Financial Well-being Among Tourism Industries Employees in India

Abstract

Researchers have extensively investigated the relationship between employees’ well-being and their financial stress. The state of one’s finances can have an impact on them both directly and indirectly, depending on their organisation and employer. Employees’ job performance will be affected by their level of financial well-being, whether it is high or low. This study’s primary goal is to examine and objectively assess the employee of the tourism industry in India’s financial well-being (FWB). The analysis included 190 respondents from the travel and tourism sector. The instrument for this study was a questionnaire based on descriptive statistics and inferential statistics of one-way ANOVA and correlation analysis. Financial stress and financial well-being were significantly inversely correlated among the employee of tourism industries in India according to Pearson correlation analysis. The study’s findings showed that there was a significant difference between the financial well-being and demographic status of tourism industries employee. The results of this study, which relied on primary data could help the government develop policies to encourage greater and better financial well-being among participants in the tourism business.

Citation

Dhiraj, A., Kumar, S. and Rani, D. (2023), "Financial Well-being Among Tourism Industries Employees in India", Grima, S., Thalassinos, E., Noja, G.G., Stamataopoulos, T.V., Vasiljeva, T. and Volkova, T. (Ed.) Digital Transformation, Strategic Resilience, Cyber Security and Risk Management (Contemporary Studies in Economic and Financial Analysis, Vol. 111B), Emerald Publishing Limited, Leeds, pp. 169-178. https://doi.org/10.1108/S1569-37592023000111B012