Abstract:
Savings play a significant role in a country's growth and development, which is an obvious and undeniable reality. Any society must mobilize domestic and foreign savings in order to advance toward self-sustaining economic prosperity. Individuals who want to improve their saving habits should take a close look at the various savings programs that members of the public utilize. This depends on both attending government providers and properly implementing suggested components of cost-saving measures in employees of the community and institutions or sectors to improve. Therefore, analyzing saving entails analyzing growth and development-related difficulties. The study's goal is to evaluate how employees save money and the contributing factors that influence how these employees save in the study area. Both quantitative procedures using a questionnaire and qualitative techniques using an interview were given out to 151 respondents, but only 144 of the surveys were returned, along with 5 interviewees. Using SPSS, the survey data were processed and presented appropriately. Every area of interest was covered with information gleaned from interviews. The survey discovered that employee saving behavior is low and that their knowledge of financial products and services is moderate to high. The employee's limited financial literacy, the lack of parental financial education, peer pressure, and the respondents' lack of self-control methods all contributed to their moderate saving behavior. The researcher suggested that in order to improve their saving habits, it would be preferable if they received financial literacy training from financial institutions and through multimedia. If they could manage their money well and keep their tempers in check, it would be much better. It was advised that employees and their relatives get along well at work
