The Household CFO: Using Job Analysis to Define Tasks Related to Personal Financial Management

Posted: 28 Dec 2020

See all articles by Sarah Fallaw

Sarah Fallaw

DataPoints

John Grable

University of Georgia - Department of Housing & Consumer Economics

Michelle Kruger

University of Georgia - College of Family and Consumer Sciences, Students

Multiple version iconThere are 2 versions of this paper

Date Written: December 28, 2020

Abstract

Household financial management has several criteria of performance that makes it possible to evaluate the relative effectiveness of an individual in the particular job. To date, there has been little analysis of the myriad tasks and behaviors that are included in the role of a household financial manager, or what we term household chief financial officer (HCFO). Using techniques from industrial psychology and personnel selection, namely job analysis, the current article provides definitions of categories of critical tasks and behaviors of the HCFO job using two studies. The results of the studies identified the frequency of engagement of financial tasks across the two samples, and the importance of tasks associated with financial success.

Full Text Available Here: https://doi.org/10.1002/cfp2.1089

Suggested Citation

Fallaw, Sarah and Grable, John and Kruger, Michelle, The Household CFO: Using Job Analysis to Define Tasks Related to Personal Financial Management (December 28, 2020). Financial Planning Review, Vol. 3, Issue 2, June 2020, Available at SSRN: https://ssrn.com/abstract=3756337

Sarah Fallaw (Contact Author)

DataPoints ( email )

4880 Lower Roswell Road, Ste. 165 #134
Marietta, GA Georgia 30068
United States

John Grable

University of Georgia - Department of Housing & Consumer Economics ( email )

205 Dawson Hall
Athens, GA 30602-3622
United States

Michelle Kruger

University of Georgia - College of Family and Consumer Sciences, Students ( email )

GA
United States

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