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Effects of Work-Life Balance on Organisational Performance: A Study of Selected Deposit Money Banks in Makurdi Metropolis, Nigeria

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  • Aja David Okpabi

    (Department of Business Management, Faculty of Management Sciences, Benue State University, Makurdi.)

  • Tanko, Anthony Lawal

    (Department of Business Management, Faculty of Management Sciences, Benue State University, Makurdi.)

  • Joy Aricha Ijuwo

    (Department of Business Management, Faculty of Management Sciences, Benue State University, Makurdi.)

  • Papka, Simon

    (Department of Business Management, Faculty of Management Sciences, Benue State University, Makurdi.)

  • Danjuma John Abe

    (Department of Business Management, Faculty of Management Sciences, Benue State University, Makurdi.)

  • Joseph Kachina

    (Department of Business Management, Faculty of Management Sciences, Benue State University, Makurdi.)

Abstract

This study looked at a few deposit money institutions in the Makurdi Metropolis to see how work-life balance affected organizational performance. The study aimed to accomplish the following goals: to ascertain how work-life balance affects the organizational performance of a few selected deposit banks in Makurdi. The study concentrated on the employees of a few selected deposit money institutions in the 606-person Makurdi metropolis. The Taro Yamane formula was used to calculate the sample size, which resulted in a sample size of 252 people. The study used first-hand information. The major data collection tool was a questionnaire. Regression and correlation analysis were the methods utilized to analyze the data, and the Statistical Packages for Social Sciences (SPSS 21) was used to assess the hypotheses that were developed. Tables and straightforward percentages were used to portray the raw data that was taken from the primary source. According to the study, certain deposit money banks in the Makurdi metropolis perform significantly better when they have flexible working arrangements, wellness programs, family responsibilities, and work-life conflicts, all of which have beta coefficients of 0.203, 0.468, 0.269, and 0.293, respectively. According to the beta coefficient, wellness programs had the highest beta values, with a beta value of 0.468. In summary, the study found that work-life balance issues, family responsibilities, and flexible work schedules all benefited certain deposit money institutions in the Makurdi metropolis. The study’s ultimate finding is that effective wellness initiatives offered by banks are essential for raising staff productivity and organizational effectiveness.

Suggested Citation

  • Aja David Okpabi & Tanko, Anthony Lawal & Joy Aricha Ijuwo & Papka, Simon & Danjuma John Abe & Joseph Kachina, 2024. "Effects of Work-Life Balance on Organisational Performance: A Study of Selected Deposit Money Banks in Makurdi Metropolis, Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(1), pages 265-282, January.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:1:p:265-282
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    References listed on IDEAS

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    1. María Dolores Odriozola & Elisa Baraibar-Diez, 2018. "Do work-life balance practices mediate in the relationship between female participation and financial performance?," European Journal of Management and Business Economics, Emerald Group Publishing Limited, vol. 27(3), pages 249-265, September.
    2. Xi Wen Chan & Thomas Kalliath & Paula Brough & Michael O’Driscoll & Oi-Ling Siu & Carolyn Timms, 2017. "Self-efficacy and work engagement: test of a chain model," International Journal of Manpower, Emerald Group Publishing Limited, vol. 38(6), pages 819-834, September.
    3. Stelios Gialis & Michael Taylor, 2016. "A Regional Account of Flexibilization Across the EU: The ‘Flexible Contractual Arrangements’ Composite Index and the Impact of Recession," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 128(3), pages 1121-1146, September.
    4. Margaret A Shaffer & B Sebastian Reiche & Mihaela Dimitrova & Mila Lazarova & Shoshi Chen & Mina Westman & Olivier Wurtz, 2016. "Work- and family-role adjustment of different types of global professionals: Scale development and validation," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 47(2), pages 113-139, February.
    5. Heitor Almeida & Chang‐Soo Kim & Hwanki Brian Kim, 2015. "Internal Capital Markets in Business Groups: Evidence from the Asian Financial Crisis," Journal of Finance, American Finance Association, vol. 70(6), pages 2539-2586, December.
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