Impact of work-life balance on employee retention- a study on banking sector Sindhuja K.1*, Subramanian S. Sekar2** 1Research Scholar, Madurai Kamaraj University, Madurai, Tamil Nadu, India 2Associate Professor & Head Madurai Kamaraj University, Madurai, Tamil Nadu, India *Mrs. K. Sindhuja, Research Scholar, Madurai Kamaraj University, Madurai, Tamil Nadu, India, Email id: sindhukmtnc@gmail.com
**Dr. S. Sekar Subramanian, Associate Professor & Head, Madurai Kamaraj University, Madurai, Tamil Nadu, India
Online published on 14 December, 2020. Abstract Work is an essential aspect of life; it provides a sense of accomplishment, identification, and means of income to fulfill the basic requirements. Due to the development of technology, the number of women workforces and dual-earner families, it is important for both employers and workers to balance both professional and personal life. This study examines the effectiveness of the work-life Balance of bank employees and its impact on employee retention in the selected banks in Sivakasi, Virudhunagar district. This paper also identifies the various work-life balance initiatives taken by the banks to reduce employee turnover and to enhance employee job satisfaction. A sample of 245 respondents was randomly selected to participate in the study. A well-structured questionnaire was used to collect the data. The findings revealed that the work-life balance has a direct impact on employee's retention and it also helps to improve the employee's job satisfaction. Top Keywords Work-life balance, Work-life initiatives, Retention, Job satisfaction. Top |