FINANCIAL LITERACY, WORK ENGAGEMENT, AND PROFESSIONAL DEVELOPMENT: A STRUCTURAL EQUATION MODEL ON TEAMWORK AMONG PUBLIC SCHOOL TEACHERS
Abstract
This study examined how financial literacy, work engagement, and professional development influence teamwork among public elementary school teachers in Region XII. Using a quantitative, non-experimental design, the research surveyed 400 teachers selected through stratified sampling using the Raosoft sample size calculator. Statistical analysis employed mean calculations, Pearson correlation, multiple regression, and structural equation modeling, with data collected using validated survey instruments adapted for this study. Results showed very high levels of teamwork and professional development, along with high levels of financial literacy and work engagement. Meanwhile, all three independent variables significantly correlated with teamwork. Through structural equation modeling, Model 3 emerged as the best fit, revealing key relationships: financial literacy was characterized by financial attitude and training; work engagement by absorption and dedication; and professional development by thematic knowledge and human resource development. Furthermore, teamwork was primarily defined by mutual support and communication. The findings demonstrated that these three factors significantly impact teachers' teamwork effectiveness.
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DOI: http://dx.doi.org/10.46827/ejes.v12i2.5846
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