Effects of Work-Life Balance on Health and Wellbeing of Employees in the Nigeria Banking Industry

This study examined the relationship between work-life balance and employee health and wellbeing in the Nigerian banking industry. The study was based exclusively on primary data obtained by administering a well-structured questionnaire and conducted at the headquarters of the banks located in the state of Lagos. The random sampling technique used to select banks and bank employees was deliberately selected because they are the focus of the study. Yamane's formula was used to determine the sample size of 50 employees.
The multiple regression analysis showed that all the stated predictors significantly affected employee's health and wellbeing in the Nigerian banking industry, where R2 = 0.996, F = (4, 45) = 2590.451, P < 0.01. Thus, there is a significant relationship between work-life balance and employee health and wellbeing in the Nigerian banking industry. The study, therefore, recommends that there is a need for the banking sector and corporate bodies in Nigeria to improve the working conditions of employees. Also, the negative relationship from welfare facilities suggests a state of neglect on the part of management; thus, more attention needs to be given to the welfare package of newly recruited employees in the Nigerian banking industry.