1.1 INTRODUCTION
Saving behaviour is an interesting topic to be study on. In his research Kotlikoff (1989) described the question of what determines saving as a good jigsaw puzzle. It has a number of pieces. Some of the pieces have been found. Those that are available do not immediately fit together, but not all the combinations have yet been tried. The pieces that are missing are not necessarily in the bottom of the box and indeed miry be mixed up with identical-looking pieces in some other jigsaw puzzle. While it is easiest to keep playing with the pieces at hand, the puzzle may never be solved without the tedious task of looking in the other boxes. While the outlines of the puzzle are getting clearer, the precise picture it displays…show more content… All the details about Selayang Hospital are generated straight from Selayang Hospitals Official Websites and Industrial Report of Rozana (2014). The research will offer the general introduction about Selayang Hospital, which also includes vision, mission and also motto of this organisation to expose the details about the company background. Some of the other details will also be presents on Chapter 3 of Methodology.
To start, Selayang Hospitals is the first Multimedia Hospital in Malaysia. It was designed to meet world class standard, including Total Hospital Information System (T.H.I.S) – a paperless and filmless hospital covering all aspect of its operation and the first in Malaysia and in the world using the state-of-art facilities. This hospital started to operate on 2nd August 1999. The total cost incurred for the overall construction is USD 157 million (RM 560 million). With the capacity of providing 960 impatient beds and twenty clinical disciplines, this hospital are served as a centre for Gastroenterology, Rheumatology, Hepatology, Hepatobiliary Surgery, Vitreoretinal Surgery, Colorectal Surgery, Microsurgery and Renal Service. It also has a dedicated multidisciplinary Ambulatory Care Centre consisting of day care surgery, medical day care, endoscopy and lithotripter…show more content… At the moment of being ask about their saving, most people will tell that they wish that they saved more (Motika, 2013). Saving is a personal choice and of course individual has the ability to choose differently, instantly at this moment or in the future if they can grasp the art of saving.
Here, in this research the art of saving is defined as the skills and imagination manipulated by the strongest influence to perform the act of preventing the misuse of money. It can be seen that people has become more aware of savings. The pattern can be seen as everyone has their own saving account. Even though the World Bank (2012) shown that the saving of net income among Malaysian citizen from year 2002 to 2008 is fluctuated over time, the increased pattern can be seen by the end of 2010 (as cited in Shafinar et al. 2013).
Life is getting tougher as there is an increase in food prices, costs of energy and also expenses for health care. Workers deem to experiencing the debt growth faster than inflation (Delafrooz & Laily, 2011). To make it even challenging, workers need to decide not only how much to save for their retirement but also how much to allocate their pension wealth as they have to face the decline employment opportunities, income instability and eroded purchasing