Navigating Workplace Demands: Work-Life Balance Practices and Employee Outcomes in Ogun State Deposit Money Banks
Workers are commonly acknowledged as essential resources for every business, and this is especially true for deposit money institutions, which are widely acknowledged as significant players in the money market. It has been observed that employee results are not as anticipated, as seen by their dropping rates, despite the economic significance of deposit money banks and their workers. The productivity, job happiness, and degree of commitment to work of the employees have all significantly declined. Therefore, this study investigated the effect of work-life balance on employee outcomes in selected deposit money banks in Ogun State, Nigeria. The study adopted a survey research design. The population of this study comprised 2,162 full-time employees of the selected banks, and the figure was given as of the selected deposit money banks. The sample size of 433 was determined using the research advisor’s table. An adapted questionnaire was used, and data was collected using a valid and reliable questionnaire with a Cronbach alpha reliability coefficient ranging from 0.7 to 0.9. The response rate was 75%. Data were analysed using both descriptive and inferential tools. Multiple Regression Analysis was used to determine the effect of the variables using a 5% significance level Statistical Package for Social Science (SPSS) version 27. Findings revealed that Work-life balance has a significant effect on employee outcomes in selected deposit money banks in Ogun State, Nigeria (Adj.R2= 0.309, F (3, 426) = 64.447, p<0.05). The study concluded that work-life balance improved the employee outcomes of deposit money banks in Ogun State, Nigeria. Therefore, the study recommended that deposit money banks should prioritise work-life balance while emphasising work-life relationship, work-life time allocation, and emotional well-being to improve the employee outcomes of Deposit Money Banks in Ogun State, Nigeria.
Keywords: Employee Outcomes, Work-life Balance, Work-Life Relationship, Work-Life Time Allocation
