The banking sector, with its global reach and demanding nature, often presents significant challenges for work-life balance, especially for employees working across time zones and cultures.
A committed and satisfied employee is an asset to an organization.
How’ Scan helps the organization to compete and grow aggressively in a dynamic global environment. Therefore, state m is a factor that increases employee job satisfaction and well-being by ensuring work-life balance as a mediator which is vital for organizational productivity and profitability. The positive impact of state mindfulness on employee job satisfaction and well-being by ensuring work-life balance as a mediator. This post also adds to the limited stock of knowledge, providing a mediating link of work-family balance between state mindfulness and job satisfaction and employee well-being.
Strategies for Improvement:
Clear Expectations and Communication: Establish clear expectations for working hours, communication methods, and response times, taking time zone differences into account.
Flexible Work Arrangements: Explore flexible work schedules, remote work options, and asynchronous communication to accommodate different work styles and time zones.
Respect for Boundaries: Encourage team members to respect each other's personal time and avoid sending emails or messages outside of designated work hours unless absolutely urgent.
Meeting Etiquette: Schedule meetings during overlapping work hours whenever possible. Utilize recordings or summaries for those who cannot attend live.
Like many other organizations across the globe, banking sector also faces the problem of employee attrition. Managers are facing the challenge of retaining the talent in the context of increasing competition in the global marketplace. Taking this scenario into consideration will look into employee retention problems within the demographic context of the employees of the banking industry. This post brings to limelight how leadership practices, motivation and work-life balance acts as HR interventions in retaining the employees in public, private and foreign banks. Overall, from the views of the bank employees it is concluded that the leadership practices in banks are meant for developing organizational leadership, managerial support, organizational environment; leaders build conducive work climate and rewards & welfare measures for employee retention .Inferences of results pertaining to work motivation, implies that there are seven factors that determine motivation at work place, viz., Rewarding good work, Pay & remuneration, Work interest, Growth opportunity, Good working environment, Welfare & recreational facilities and Inter-personnel relationship. Similarly, work-life balance of the employees are also primarily based on five major factors in banks, viz., Work overload, Time management, Work satisfaction, Support network and Dependent care issues. The status of work motivational factors and work-life balance factors is found to differ across banking sector. It is concluded that the work overload, time management, work satisfaction, support network and dependent care issues in banks is unrelated to the demographic factors of the bank employees and overall work-life balance is also similar among the bank employees of all demographic factors. The results revealed that motivation and leadership acts as a strong mediating factor in employee retention on top of work-life balance. It is also witnessed that the work motivation tends to increase with effective leadership practices. But the above opinion levels do not differ by banking sector. It is finally concluded that leadership practices and work motivation play a prominent role than work-life balance in making the employees stay within the organization.
Dr. Hafiz Ghufran Ali Khan, Zafar Abbass, Muhammad Faizan Akbar and Muhammad Jehanger Khan (2021). EFFECT OF STATE MINDFULNESS ON EMPLOYEE JOB SATISFACTION AND WELL-BEING: ROLE OF WORK-FAMILY BALANCE. International Journal of Management Research and Emerging Sciences, 11(3). doi:https://doi.org/10.56536/ijmres.v11i3.152.
Kesavan, D.C. and Gitam, U. (2020). EFFECT OF MOTIVATION , LEADERSHIP PRACTICES AND WORK LIFE BALANCE ON EMPLOYEE RETENTION - THE EMPIRICAL. Hournal of Critical Reviews, [online] 7(19), pp.6049–6061. Available at: https://www.mendeley.com/catalogue/fb2c0068-9783-310d-9303-b647423641ce/ [Accessed 7 Apr. 2024].
Issues and Challenges of Work Life Balance in Banking Industry of India. (n.d.). Available at: http://www.pbr.co.in/2015/2015_month/Nov/14.pdf.
www.mendeley.com. (n.d.). A comparative study of quality of... preview & related info | Mendeley. [online] Available at: https://www.mendeley.com/catalogue/ad45aad2-cf53-3625-b30a-c1fb1c51b122/ [Accessed 7 Apr. 2024].
Yes totally agree.. the view of Establishment and clear expectations for working hours, communication methods, and response times, considering time zone differences. we can also Explore flexible work arrangements, respect boundaries, and schedule meetings during overlapping work hours, using recordings or summaries for those unable to attend live
ReplyDeleteThank you so much Amesha, You've identified some excellent strategies for achieving work-life balance in a global banking environment.
ReplyDeleteAgree. Organizations can raise employee happiness and productivity by recognizing the value of employee well-being and providing tools such as remote work choices, flexible scheduling, and wellness programs.
ReplyDeleteThank you Arundathi. Organizations can boost employee happiness and productivity by providing tools like remote work options, flexible scheduling, and wellness programs to promote employee well-being.
DeleteYes it's clear that achieving work-life balance is crucial, especially in demanding sectors like banking. Strategies like clear communication, flexible work arrangements, and respect for boundaries can help improve employee satisfaction and retention. Leadership practices and motivation also play significant roles in keeping employees engaged and committed.
ReplyDeleteYou've identified key points about work-life balance, especially in demanding fields like banking. Thank you Minoshi for your valuable comment.
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