Relationship of Teachers' Monthly Net Home Pay and their Performance Rating: Basis for Teachers Financial Literacy Plan

Abstract

INTRODUCTION

The IPCRF or Individual Performance Commitment and Review Form shows the teachers' achievement for the school year. The department was expecting outstanding teachers to empower the Philippine educational system but financial problem was one of the frequent issues observed with public school teachers. If we want to produce quality and globally competitive learners, we must have powerful and high standard teachers. Generally, this research aims to determine the relationship between the Malungon National High School teachers' monthly net home pay to their IPCRF Rating.

METHODS

The researcher used quantitative method for this study. The respondents of this study were 31 teachers of Malungon National High School. The researcher used a checklist questionnaire to gather information to support and complete the study and some of the data were taken from the schools' Administrative Assistant. The results were analyzed and interpreted using frequency, percentage, and Pearson r.

RESULTS

The respondents were 31 teachers from Malungon National High School. Wherein, 13 (42%) were males and 18 (58%) were females. In terms of civil status, 13 (42%) were single and 18 (58%) were married. Most of the respondents were teacher I with 39% and master teacher II as the least with only 3 percent of total respondents. Knowing the status of the monthly salary, the result was very alarming because 61% of their monthly salary goes to their government loans (Landbank, ONB etc.) and 13% to their private loans (Loan Express, Salangga, Dela Cruz and etc.), it only implies that almost 75 % or ¾ of their monthly salary goes to their loans and only 26 % or closely ¼ of their monthly salary serves as their monthly net home pay. The computed correlation (r = -0.30681), there is a negative low or slight relationship between the respondents' monthly net home pay and performance rating.

DISCUSSIONS

The most remarkable results of this study is that only a small portion of the teachers' salary can be used to buy their necessities. It was supported by Pamfila B. Zarate in her article about Lifestyle and Financial Management in Public School Teachers that "the financial problem was one of the frequent issues observed with public school teachers. They often engaged with different loans".