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

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.