Work-Life Balance as a Determinant of Well-Being in the Banking Sector

Abstract

Research has increasingly focused on how to balance the demands of work and personal life, which is important for the well-being of both employees and organizations as well. The goal of the present research was to identify the factors that influence well-being in the banking industry. The study’s specific goal was to determine how work-life balance affected bank employees’ well-being. A cross-sectional research approach was used in this study. A sample of 200 staff of the Jammu & Kashmir bank was taken in the present study. In this investigation, a simple random sampling procedure was applied. Structured questionnaires were given out. Work-Life Balance Index and Workplace PERMA Profiler were used to measure work-life balance and well-being, respectively. Inferential statistics like Pearson product-moment and regression analysis were used to analyse the quantitative data. The findings indicate a positive association between work-life balance and well-being. Workplace well-being was also strongly predicted by work-life balance. Based on the results, organisations should keep fostering a work environment that values employees’ families. Maintaining a culture of job sharing will help people balance their work and personal lives. The working policy should include clauses allowing employees to adjust their workload and take time off from work. The research findings can also help banking professionals, counsellors, psychologists, and policymakers figure out how to encourage bank employees to maintain a work-life balance, which may improve employees’ welfare and make them more productive.