Effects of Work Life Balance Practices On the Performance of Microfinance Institutions: A Case of Faulu Microfinance Bank Limited
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Date
2018-10
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School of Business and Economics, Daystar University
Abstract
The purpose of the study was to establish the effects of work life balance practices on the performance of Faulu Microfinance bank Ltd. Specifically the study sought to identify the work life balance practices being employed at Faulu Microfinance bank, examine the extent to which key measures of organizational performance were applied at Faulu Microfinance bank, and find out the effects of work life balance practices on the performance of Faulu Microfinance bank. The study was guided by spill over theory, boundary theory, role theory, general system’s theory of organizational performance and the universalistic approach. The study adopted descriptive research design and the target population was 137 employees of Faulu Microfinance bank. Census technique was applied and a questionnaire was used to collect the primary data which was analyzed using Statistical Package for Social Sciences (SPSS) version 23.0. Findings indicated that annual leave, parental leave and study leave were highly employed as stated by more than 70% of the respondents who agreed and strongly agreed that the practices were in use. However, flexitime, compressed work week and telecommuting work life balance practices were employed at a lesser level of 43.3%. Similarly, 84% of the employees agreed that work life balance practices improved the performance of microfinance institutions. This led to the conclusion that each of the work life balance practices used were predictors of job satisfaction which influenced employee’s quality of working life and more importantly helped them maintain work-life balance with equal attention to performance, commitment at work and job satisfaction. The study recommended that organizations consider adopting work life balance practices that drive employees to deliver organizational objectives and train employees on the available work life balance practices that can be used to improve organizational performance
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Thesis
Keywords
Microfinance Institutions, Work Life Balance
Citation
Amimo, Caroline (2018).Effects of Work Life Balance Practices On the Performance of Microfinance Institutions: A Case of Faulu Microfinance Bank Limited.School of Business And Economics, Daystar University:Thesis