Abstract
Female employee labor turnover of information technology industry in Sri Lankan is in the higher level. Therefore, the general objective of the research is to assess the impact of major work life balance policies influence on retention of executive women employees in Information technology organizations in Sri Lanka. Five selected work-life policies namely flexible working hours, company leave policy, training and career development opportunities, compressed workweek and workload management were examined with employee retention. Base on random sampling method one hundred two completed questionnaires used to analyze the data. Descriptive statistics, correlation and multiple regression utilized to analysis the data. Work-life balance and employee retention levels are in the satisfactory level in the IT industry in Sri Lanka. Multiple regression result of the study shows that work-life balance policies positively influence on the executive women employee retention. Selected five policies of work-life balance and employee retention were examined using multiple regression model. Training and career development opportunities and workload management positive influence on employee retention. Although rest of three work life balance policies namely flexible working hours, company leave policy and compressed work week didn’t show the significant impact of employee retention. Policymakers and top management of companies should improve work-life balance to increase employee retention. Moreover, they can use training and career development opportunities and workload management to increase employee retention.
Highlights
Background of the StudyToday people have a busy lifestyle and don't balance their job with their private life; it seems they go far from their family and their private lives
Age analysis shows 53% of employees sample employees are from 25-35 years age group and the lowest percentage represent age group of above 45 years, with 12% of the sample
Important demographic factors, which are linked with work-life of women employees, are marital status, number of children, working experience etc
Summary
Today people have a busy lifestyle and don't balance their job with their private life; it seems they go far from their family and their private lives. With fastdeveloping technology and notable business organization competition, persons have converted like machines. Workers must work longer hours and days to face their workplace difficulties. Employers attempt to decrease their employees' benefits to increase the profit of their organization. This situation creates an imbalance of employment for staff, and it leads to a bad relationship between employer and employee (Carmichael, 2015).
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