Perceived Work-life Balance for the Job Satisfaction of Banking Employees in Sri Lanka

Abstract

Human capital generates greater value for an organization and presently modern organizations highly focus on their human capital. Work-life balance is common in employee job satisfaction. The main objective of this study is to determine the impact of work-life balance on job satisfaction of banking employees in Sri Lanka. The indicators of work-life balance are organizational factors and individual factors. Organizational factors consist of work demand and organizational support. Individual factors consist of family demand and family member support. There were 123 respondents selected as the sample, and primary data were gathered through questionnaire method. Gathered data were analyzed through the SPSS Statistical Software. Multiple Regression analysis and Correlation analysis methods were used to analyze the research data. 84.7% variation of job satisfaction is explained by the independent variables. The correlation analysis reflects that work demand, family demand, organizational work-life balance support and family member support are significantly and positively correlated with employee job satisfaction. The findings of the regression analysis highlighted the impact of each independent variable on employee job satisfaction.