A STUDY ON THE IMPACT OF PAYROLL ON EMPLOYEE’S FINANCIAL WELLNESS IN CODEBOARD TECHNOLOGY PRIVATE LTD

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A STUDY ON THE IMPACT OF PAYROLL ON EMPLOYEE’S FINANCIAL WELLNESS IN CODEBOARD TECHNOLOGY PRIVATE LTD

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A STUDY ON THE IMPACT OF PAYROLL ON EMPLOYEES’ FINANCIAL WELLNESS IN CODEBOARD TECHNOLOGY PRIVATE LTD.

*SHARMILA S **Dr. H. MICKLE AANCY

*II MBA Student, Panimalar Engineering College, Chennai.

**Assistant Professor, Panimalar Engineering College, Chennai.

ABSTRACT

This study explores how payroll deductions impact employee financial wellness at Code Board Technology. It assesses their influence on perceived income stability, financial stress, attitudes, and disposable income. The research adopts a multidimensional approach, evaluating savings behavior, debt management, budgeting skills, stress levels, and overall satisfaction. Various deduction types are examined, including taxes, insurance premiums, retirement contributions, and loan repayments. Data from 148 employees were analyzed using various statistical tests and tools. The findings shed light on challenges and perceptions related to deductions, suggesting implications for enhancing both employee financial wellness and organizational practices.

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