THE CAUSAL FACTORS TOWA RD A QUALITY RELATIONSHIP AFFECTING THE SAVINGS BEHAVIOR FOR RETIREMENT A PROVIDENT FUND. CASE STUDY: EMPLOYEES OF SUSCO COMPANY LIMITED

Abstract

The purpose of this research was to study the causal factors toward quality relationship affecting the savings behavior for retirement through the provident fund of employees in private organizations through the provident fund of SUSCO Company Limited, which had 210 members. The researcher would select the population in SUSCO Co., Ltd. that have a saving in AIA Provident Fund from the age of 25 years and over. There were total of 145 sampling which was selected the sample group with the aim or purposive sampling. The statistics used for data analysis are as follows: 1. Descriptive Statistics Analysis: Frequency, Percentage and Mean 2. Analyzed by using Inferential Statistics (Chi-Square Test : X²- Test) to measure the relationship level by using Cramer's V statistics through the SPSS program.

The results of the study demonstrated that 1.) Personal factors that had a quality relationship affecting the savings behavior for retirement through the provident fund the highest was the working age, with the Cramer's V coefficient of 0.280, Sig value equal to 0.000. The number of family members had Cramer's V coefficient at 0.257. Sig value was equal to 0.004. Next, age and marital status have a Cramer's V coefficient of 0.243. Sig value was equal to 0.012. Next, education level had the value of Cramer ’S V at 0.204, Sig value of 0.237, and last, gender with Cramer’s V value at 0187, Sig value equal to 0.281. 2.) The economic factors that had a quality relationship affecting the savings behavior for retirement through the provident fund, the most was an average monthly income with Cramer's V coefficient at 0.369, Sig value equal to 0.000. Next, the return of the fund had the Cramer's V coefficient of 0.289 with Sig. Equal to 0.000 and the average monthly expense was Cramer's V At 0.239 with a Sig value of 0.007.

Therefore, economic factors that had a quality relationship affecting the savings behavior for retirement through the provident fund most. An average monthly income factor being the number one factor followed by the return of the fund, for personal factors, a quality relationship affecting the savings behavior for retirement through the provident fund are working age, followed by the number of family members.