Causes of Inattention on Financial Competency: A Qualitative Study

During the recent years, the world has encountered a huge financial change with personal, organizational, national, and global effect. On the other side, competency modeling teams are concerned on the external changes as one of the sources of information. Thereupon, they are expected to pay more attention on financial competency in competency modeling. Our library research and preliminary field study revealed the least attention on financial competency. The purpose of this paper is to diagnose for inattention on financial competency. We held 2 eight-person focus group discussions and 12 in-depth interviews to learn about “why it has been neglected.” The participants included Iranian large-size business owners, organizational top managers, and HR managers. A grounded theory approach was deployed to analyze the findings of focus groups and interviews. The participants addressed to a combination of potentials that have been categorized in this paper.