Impact of Digital Payments on Reducing Workplace Stress and Improving Productivity in Surat City District

Dimpleben Navnitkumar Jariwala

doi:10.36948/ijfmr.2024.v06i06.80788

Impact of Digital Payments on Reducing Workplace Stress and Improving Productivity in Surat City District

Author(s)	Dr. Dimpleben Navnitkumar Jariwala
Country	India
Abstract	The rapid adoption of digital payment systems has transformed organizational financial processes and significantly influenced employee experiences in the workplace. This study examines the impact of digital payment systems on employee financial well-being, productivity, and efficiency. Primary data were collected from 140 respondents using a structured questionnaire based on a five-point Likert scale. Statistical techniques, including descriptive analysis, Pearson correlation, Chi-square analysis, and simple linear regression, were employed to analyze the data. The findings indicate that digital payment systems positively affect employees by reducing financial stress, improving transparency in salary disbursement, enhancing payroll efficiency, minimizing delays in reimbursements, and reducing administrative workload. Pearson correlation analysis revealed significant positive relationships between digital payment systems and various indicators of employee productivity and efficiency. Furthermore, simple linear regression analysis confirmed that digital payment systems have a significant effect on employee productivity and efficiency. Chi-square analysis also demonstrated significant associations between employee confidence in digital payment systems and improvements in financial planning, reduced salary-related concerns, and lower financial stress levels. Despite the overall positive impact, the study found that a considerable proportion of employees lacked confidence in using employer-provided digital payment systems, indicating the need for greater awareness, training, and system reliability. The study concludes that digital payment systems not only improve financial transaction processes but also contribute to enhanced employee well-being, workplace productivity, and organizational effectiveness. The findings highlight the importance of investing in digital payment infrastructure and employee education to maximize the benefits of digital financial technologies in modern workplaces.
Keywords	Digital Payment Systems, Employee Productivity, Employee Efficiency, Financial Well-being, Workplace Performance, Payroll Efficiency, Financial Accountability, Digital Transformation.
Field	Mathematics > Economy / Commerce
Published In	Volume 6, Issue 6, November-December 2024
Published On	2024-11-05
DOI	https://doi.org/10.36948/ijfmr.2024.v06i06.80788

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Impact of Digital Payments on Reducing Workplace Stress and Improving Productivity in Surat City District

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