Financial Well-Being and Job Satisfaction Among the Teachers of the Ministry of Education Malaysia (MoE)

Abstract

Teachers’ financial well-being and job satisfaction are quintessential as teachers are the principal players entrusted in delivering knowledge. This research intended to identify the level and relationship of teachers’ financial well-being and job satisfaction in the Ministry of Education Malaysia (MOE). The study sample included teachers in a district in the State of Perlis. This investigation employed a financial well-being questionnaire established by the Division of Psychology and Counseling with researchers (2018) and a job satisfaction questionnaire utilising the Minnesota Satisfaction Questionnaire (MSQ) introduced by Weiss, Dewis, England & Lofquit, 1967. Financial well-being instruments had an Alpha Cronbach reliability of .89, while the Minnesota Satisfaction Questionnaire Instrument (MSQ) had an Alpha Cronbach reliability of .90. The study outcomes confirmed that teachers obtained a high percentage of the level of the financial well-being of 49.5%, followed by a moderate level of 42.7% and a low level of 7.8%. As for job satisfaction, the data summarised that the teachers obtained a moderate percentage of 52.4%, followed by a low level of 32% and a high level of 15.5%. Ergo, the study’s data discovered a notable relationship between financial well-being and job satisfaction among teachers. The researcher recommended that the scope of the study sample be expanded so that it becomes more comprehensive to represent teachers throughout Malaysia. Moreover, the results could aid interventions in further enhancing teachers’ financial well-being and job satisfaction, such as formulating modules, psycho-education, and guidance. Furthermore, the research analysis could also be expanded by examining differences in variables based on study demographics, such as variations in teachers’ financial well-being based on service and grade tenure and differences in teachers’ job satisfaction based on work experience and age.