Journal Press India^®

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Despite advancements in literacy, a significant gender gap remains in financial literacy, particularly among women in urban settings like Mumbai. This research examines the financial literacy levels of women employees in Mumbai suburbs, focusing on their knowledge gaps, key challenges, and the influence of financial attitude on financial literacy. The study employs a quantitative approach to gather insights into the financial behaviours and decision-making patterns of participants. Findings reveal that limited access to resources, inadequate financial education, and ingrained socio-cultural norms hinder women’s financial understanding and participation. A positive financial attitude was found to correlate strongly with higher financial literacy levels. Based on these insights, the study offers strategic recommendations for HR departments to design targeted financial literacy programs that empower women employees, enhance their financial decision-making, and foster greater economic independence. These initiatives are crucial for promoting financial inclusivity and bridging the gender gap in financial knowledge and behaviour.

Keywords

Financial literacy; Women employees; HR initiatives; Gender gap; Financial attitude

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