Striving for Excellence: The Role of Work-Life Balance in Optimizing Job Performance Among Employees in Nepalese Microfinance Institutions

Abstract

Purpose: Work-life balance is vital to employee well-being and organizational effectiveness in today's fast-paced, ever-changing workplace. Employee engagement and performance boost Nepal's microfinance industry's financial inclusion and growth. This study examines the relationship of work-life balance, quality of work life, and employee engagement affect microfinance job performance in Nepal. It examines how these characteristics affect employee work performance.   Theoretical Framework: The study stresses work-life balance, quality of work life, and employee engagement as independent variables affecting job performance.   Design/Methodology/Approach: A 210 respondents from 20 Nepalese microfinance institutions (MFIs) completed structured questionnaires for the quantitative study. Work-life balance, quality of work life, employee engagement, and job performance were examined using questionnaire data.   Findings: The findings of the study reveal that work-life balance and employee engagement positively impact job performance. Employees who can strike a healthy balance between work and personal life and are actively engaged in their roles exhibit enhanced job performance.   Research, Practical, and Social Implications: This study impacts BFIs, MFIs, regulatory agencies, HR analysts, and planners. These stakeholders may build supportive work environments that encourage employee well-being and organizational success by understanding the essential linkages between work-life balance, quality of work life, employee engagement, and job performance.   Originality/Value: The study sheds light on how work-life balance, quality of work life, employee engagement, and job performance affect the Nepalese microfinance industry. The study improves microfinance employee performance and well-being by comprehensively addressing these elements.