Work Life Balance and Employee Retention Evidence from a Selected Deposit Money Banks in Nigeria

This study examined the effect of work life balance on employee retention in deposit money banks. Specifically to examine the how work life balance enhance employee's work demands in deposit money banks and ascertain the work life balance improve on employees welfare packages in deposit money banks. The study employed survey research design and data were collected from questionnaires distributed to the targeted respondents. The formulated hypotheses were tested with paired sample t test with aid of SPSS version 20.0. The findings showed that there is significant effect between work life balance and employee's work demands and employee's welfare packages in deposit money banks. Based on the findings, it was recommended that banks should ensure that reward system to be fair to each employee, hence the study revealed that some of the respondents are not comfortable with the present compensation system in their institution where they worked. Afodigbueokwu, Hillary E. | Ofurum, Darlington I. | Clement Ikwuoche G. "Work Life Balance and Employee Retention: Evidence from a Selected Deposit Money Banks in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-1 , December 2019, URL: https://www.ijtsrd.com/papers/ijtsrd29504.pdf Paper URL: https://www.ijtsrd.com/management/hrm-and-retail-business/29504/work-life-balance-and-employee-retention-evidence-from-a-selected-deposit-money-banks-in-nigeria/afodigbueokwu-hillary-e