A Study on Savings Habits of Employees at Jasmin Infotech

A Study on Savings Habits of Employees at Jasmin Infotech

M Mohana devi  1, Surendhar R2

1Student, MBA, Jerusalem College of Engineering, Chennai

2Assistant Professor, MBA, Jerusalem College of Engineering, Chennai

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ABSTRACT

This study examines the savings habits of employees at Jasmin Infotech, with a focus on understanding the factors that influence their ability and willingness to save. Key aspects such as income level, employment type, financial awareness, and spending behavior were analyzed through a survey conducted among employees. The findings reveal that while many employees recognize the importance of saving, high expenses and limited financial knowledge pose significant challenges. The study also highlights the role of employer support in promoting better saving practices. Based on the insights gathered, the study suggests that tailored financial wellness programs, increased awareness initiatives, and support systems can encourage a stronger savings culture within the organization.

Key Words: Savings Habits, Financial Awareness, Employee Benefits, Income, Financial Planning, Jasmin Infotech.