Abstract:
This study explored the gap by examining the mediating role of financial stress on the relationship between financial well-being and job performance among Millennial universal banking employees in Makati City. A cross-sectional, explanatory correlational design was employed. Data were collected from 128 respondents aged 25 to 45 through a quantitative survey questionnaire using the CFPB Financial Well-Being Scale, APR Financial Stress Scale, and the Individual Work Performance Questionnaire. Analysis was conducted using descriptive statistics, sequential regression, and bootstrapping in R software. Results indicated moderate financial well-being (M = 59.04, SD = 13.42), low financial stress (M = 26.28, SD = 18.77), and high job performance (M = 76.36, SD = 15.91). There was a positive relationship between financial well-being and job performance, and negative relationships between financial well-being and financial stress, and between financial stress and job performance. Financial stress mediated the relationship between financial well-being and job performance, empirically supporting partial-to-full mediation. These findings support the Joo Conceptual Model (Joo, 1998). The banking sector, HR professionals, financial planners, consultants, and policymakers need to conduct tailored financial education programs for employees.
