Perceived impact of work-life balance on the psychological well-being of employees of the Cooperative Bank of Oromia Head office
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Date
2023-10
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Addis Ababa University
Abstract
The aim of this study was to evaluate the perceived impact work life balance has on the psychological wellbeing of employees at Cooperative Bank of Oromia head office. It has also assessed whether work life balance and psychological wellbeing vary by the gender, age, years of experience, and work position of employees. Positive emotional experiences at work have long been linked to improved work performance among employees. The productivity of the organization will be influenced by this individual performance. Thus, it is critical for any company to protect the psychological well-being (PWB) of its employees by fostering a healthy work life balance (WLB) that may have an impact on it. This study adopted a quantitative method in which data was collected from a sample of 281 employees. The proportionate stratified sampling method was used to select the study's participants. A descriptive survey approach was implemented to answer the study questions. For analysis and interpretation, descriptive and inferential statistics were employed. The employees exhibited a moderate work-life balance and low levels of psychological well-being, according to the results of the descriptive statistics. Work life balance and psychological wellbeing were strongly positively correlated, (r(281) = .68, p=.000). The results of the independent sample t-test indicated that there is no gender-related variation in the levels of WLB and PWB. On the other hand, WLB and PWB variation was discovered in the age, years of experience, and work position of employees based on the results of the One-way ANOVA test. The findings indicate that there is a positive link between the WLB and PWB of the CBO head office employees. The study funding suggests creating a safe place where workers feel comfortable voicing their concerns about a lack of work-life balance (WLB) as ways to enhance WLB. Additionally, workplace psychological wellbeing strategies should be given top priority for the PWB of CBO head office staff.