Empirical Analysis of Work Life Balance polIcies and Its Impact on Employee’s Job Satisfaction and Performance: Descriptive Statistical Approach
American Journal of Theoretical and Applied Statistics
Volume 4, Issue 2-1, March 2015, Pages: 33-43
Received: Dec. 4, 2014; Accepted: Dec. 6, 2014; Published: Mar. 11, 2015
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Authors
Vishwa Nath Maurya, Department of Pure & Applied Mathematics and Statistics, School of Science & Technology, The University of Fiji, Lautoka, Fiji
Chandra K. Jaggi, Department of Operations Research, University of Delhi, New Delhi, India
Bijay Singh, Department of Soils Sciences, Punjab Agricultural University, Ludhiana, India
Charanjeet Singh Arneja, Department of Agricultural Extension, Punjab Agricultural University, Ludhiana, India
Avadhesh Kumar Maurya, Dept. of Electronics & Communication Engineering, Lucknow Inst. of Technology, U.P. Technical University, Lucknow, India
Diwinder Kaur Arora, Group Centre, Central Reserve Police Force, Ministry of Home Affairs, Govt. of India, Guwahati, Assam, India
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Abstract
The present paper envisages analyzing the relationship between work life balance policies and employee job satisfaction. Specifically, it has been focused here that the work life balance policies lead to attaining equilibrium between professional work and other activities. Under the present study is also examined that the work life balance policies reduce friction between official and domestic life. Related theories of employee’s job satisfaction proposed by previous researchers are reviewed and summarized herein in order to use and correlate these to proposed empirical analysis. The quality of work life policies is increasingly becoming part of the business strategy and the focus is on the potential of these policies to influence employee’s quality of working life and more importantly to help them maintain work-life balance with equal attention on performance, commitment at work and job satisfaction. This study proves to be a milestone for the researchers, policy makers, management professionals, statisticians and students to properly understand the concepts of employee’s job satisfaction, work life balance and their relationship. The present empirical study involves descriptive statistical approach. The target population was two hundred and forty respondents. Statistical primary data was collected using questionnaires, and analyzed using statistical package for management and social sciences. The findings of this study emphasized that each of the work life balance policies on its own is a predictor of job satisfaction. The goodness of fit, R = 0.618 showed a good strength of the relationships between independent variables and the dependent variable. The result explored herein makes the recommendation that managers in banks should improve the work life balance policies offered to employees in order to increase their job satisfaction, to improve staff commitment and productivity.
Keywords
Work life balance policies, employee job satisfaction, banking sector, commercial banks, multivariate correlation and regression analysis, sample design
To cite this article
Vishwa Nath Maurya, Chandra K. Jaggi, Bijay Singh, Charanjeet Singh Arneja, Avadhesh Kumar Maurya, Diwinder Kaur Arora, Empirical Analysis of Work Life Balance polIcies and Its Impact on Employee’s Job Satisfaction and Performance: Descriptive Statistical Approach, American Journal of Theoretical and Applied Statistics. Special Issue: Scope of Statistical Modeling and Optimization Techniques in Management Decision Making Process. Vol. 4, No. 2-1, 2015, pp. 33-43. doi: 10.11648/j.ajtas.s.2015040201.15
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