Relationship Between Work-Life Balance and Performance of Employee of Selected Money Deposit Banks in Anambra State, Nigeria

Abstract

The fact that many workers frequently deal with heavy workloads, long workdays, and high workplace demands that interfere with their personal time is a concerning issue. The banking industry is well known for its high standards, and as a result, workers frequently don't have enough time for personal hobbies, family time, or relaxation. Inadequate corporate work-life balance policies worsen this mismatch, making it more difficult for employees to successfully manage their personal and professional obligations. Therefore, in order to address the aforementioned issue, this study looked at the connection between employee performance and work-life balance at a few chosen money-deposit banks in Anambra State, Nigeria. Assessing the impact of remote work options on employee productivity in a few money-deposit institutions in Anambra State, Nigeria, was the explicit goal. The theoretical foundation of this investigation was structural functionalism. To ascertain the degree of the association between work-life balance and employee performance, a survey study approach was used. The Taro Yamane formula was used to establish the sample size, which consisted of 373 people out of the study's population of 5576 employees. The structured questionnaire in 373 copies was delivered with the aim of gathering the primary data required for the research. The study employed Spearman correlation analysis to test hypotheses and found a substantial positive connection (rho = 0.866, p-value = 0.000) between staff productivity and the possibility to work remotely in a subset of money-deposit institutions in Anambra State. In conclusion, money-deposit banks that emphasize and put this work-life balance strategy into effect, stand to gain from increased staff productivity, which will ultimately improve organizational results. In order to ensure that core operational hours are covered while granting employees the autonomy to manage their time effectively, the study suggests, among other things, that the management of money-deposit banks in Anambra State implement more remote work options by creating policies that allow employees to choose their working hours within a certain range.