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Work-Life Balance and Employee Performance in Selected Insurance Companies in Lagos State

Author

Listed:
  • Francis C. Anyim
  • Oluseyi A. Shadare
  • Lateef A. Adio

Abstract

The increasing day to day work pressures, longer working hours and meeting of targets that are demanded by the employers always leads to the employee family discords, lower performance, ill health and low morale. This study, however, examines work-life balance and performance of employees of selected Insurance companies in Lagos state. Specifically, to understand the influence of work-life balance, role conflict, flexible work arrangement and job autonomy on employee performance. A cross-sectional design, simple random sampling technique were employed. A questionnaire was employed as the research instrument for the study with 249 respondents deemed usable. Correlation and multiple regression analysis were employed to analyze the study hypotheses. The results showed that work-life balance (ß = .152; p .05) and job autonomy (ß = .067; p >.05) did not significantly influence the performance of employees. However, only work life balance and flexible work arrangement made a unique statistical contribution to the model. The study concludes that work-life balance, role conflict, flexible work arrangement and job autonomy jointly significantly influenced the performance of employees. It is recommended that there should be a well detailed policies that will guide both the management and employees of the organizations on work life balance; training and development should be conducted on annually, bi-annually or quarterly by the management on this subject matter; management should endeavor to introduce flexible work arrangement so as to improve the performance of employees.

Suggested Citation

  • Francis C. Anyim & Oluseyi A. Shadare & Lateef A. Adio, 2020. "Work-Life Balance and Employee Performance in Selected Insurance Companies in Lagos State," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(2), pages 88-95, June.
    • Handle: RePEc:khe:scajes:v:6:y:2020:i:2:p:88-95
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    References listed on IDEAS

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    1. Donald Gerwin & Linda Moffat, 1997. "Withdrawal of Team Autonomy During Concurrent Engineering," Management Science, INFORMS, vol. 43(9), pages 1275-1287, September.
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    More about this item

    Keywords

    Work-life balance; performance; job autonomy; flexibility; role conflict;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management
    • Z22 - Other Special Topics - - Sports Economics - - - Labor Issues

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