Title: Work-life Balance
Authors: Vaishnavi Parkar, Manasi Thorat, Tejas Suryawanshi.
Introduction
Balancing work and personal life has become tough, with work often encroaching on personal time, affecting relationships and mental health. Employees need paid time off to maintain a healthy life outside work. Happy, stress-free employees are more valuable to organizations.
Objective: To understand the underlying issue of the problem.
Literature Review
Shanker (2022) concludes flexible work arrangements boost employee well-being, promoting a balanced work-life dynamic and fostering increased productivity, commitment, and loyalty to the organization.
Chan et al (2016) concludes that Employee success in achieving work-life balance and satisfaction hinges on both resources/experiences and their belief in their own capabilities (self-efficacy), which mediate the influence of work-family enrichment on job and family satisfaction
Data collection
For the above problem 5 questions were framed to be answered on Likert scale with 1 to 5 points. 100 people from KBS were surveyed and for each question which was quoted, mean, standard deviation, standard error, and t-stat were calculated.
Data Analysis
|
|
Q1 |
Q2 |
Q3 |
Q4 |
Q5 |
|
Mean |
3.53 |
2.97 |
2.64 |
3.8 |
3.28 |
|
Standard Deviation |
1.16 |
1.17 |
1.27 |
1.15 |
1.21 |
|
Standard Error |
0.37 |
0.37 |
0.40 |
0.37 |
0.38 |
|
T-stat |
1.45 |
-0.08 |
-0.90 |
2.19 |
0.73 |
|
Result |
Neutral |
Neutral |
Neutral |
Positive |
Neutral |
The t-stat of Question 4 is positive as it more than 1.96 and the t-stat for the rest of the questions is neutral as it falls between 1.96 and -1.96.
Conclusion
People are neutral towards spending most of the time working rather than spending time with family.
People are neutral towards ignoring work related calls after office hours
People are neutral towards getting exhausted by the work/office timings
People cannot get paid days off whenever they want.
People are neutral towards putting their jobs before their personal matters.
References
Shanker, A. (2022). Flexible Work Arrangements and its Impact on Work-Life Balance. Optimization: Journal of Research in Management, 14(2), 23–26.
Chan, X. W., Kalliath, T., Brough, P., Siu, O.-L., O’Driscoll, M. P., & Timms, C. (2016). Work–family enrichment and satisfaction: the mediating role of self-efficacy and work–life balance. International Journal of Human Resource Management, 27(15), 1755–1776. https://doi.org/10.1080/09585192.2015.1075574