Work-Life Balance (WLB) and Employee Effectiveness of Listed Microfinance Banks in Nnewi Metropolis

Abstract

This study investigated the effect of work-life balance practices on employee effectiveness in listed microfinance banks in Nnewi metropolis, Anambra State, Nigeria. The study employed descriptive survey and correlation research design. The stratified sampling technique was employed to determine the sample frame. Structured questionnaire was used as primary instrument for data collection. Pilot study was carried out to obtain the reliability of the instrument through Cronbach Alpha Statistics value at 0.74%. Data analysis was conducted using descriptive statistics of mean and standard deviation. Correlation and Multiple Regression Analysis were used to test the hypotheses. It was discovered that work-life balance has positive and significant relationship with employees’ productivity in the listed Microfinance banks in Nnewi metropolis, Anambra State, Nigeria. The study concluded that adoption of telecommuting, flexible working hour and job sharing practices improve workers’ productivity. The study recommended among others, that banking institutions as a matter of urgency encourage workers’ work-life forces so as to enhance firms’ effectiveness in the long-run.