An analysis of financial planning for employees of East Tennessee State University
The purpose of this study was to determine if East Tennessee State University provides employees appropriate financial planning services. In particular, it is unknown to what degree employees of East Tennessee State University have actively engaged in financial planning.
The research was conducted during June and July, 2005. Data were gathered by surveying faculty, staff, and retirees of the university. Ten percent of the population responded to the study. The survey instrument covered the areas of retirement, other financial planning services, and attitudes toward financial planning.
The results of the data analysis gave insight into what degree employees of East Tennessee State University have actively engaged in financial planning. For example, over twenty percent of the respondents encouraged employees to start early in order to achieve the benefit of time value of money. Fifteen percent of the respondents suggested financial planning workshops be offered on a more frequent basis. Approximately ten percent of the respondents preferred an independence of the instructor, instead of a financial salesperson. The study provided an increase in the body of knowledge on financial planning for the ETSU employee and established a historical database for the various programs offered within the ETSU system.
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