Impact of Employee Wellbeing on Workforce Productivity in Banking Sector of Pakistan.

Abstract

This research paper conducted for scrutinize the impact of employees’ well-being on the workforce productivity on the banking sector of Pakistan. For this purpose, the research has been conducted in the twin city of Pakistan. In this research two variables observed for conducted the research. The independent variable is employee wellbeing while dependent variable is workforce productivity. As when the employee wellbeing affected the workforce productivity affected respectively. The deductive research approach has been selected to conduct the research. Quantitative research type has been selected. The primary data has been collected by distributing the questionnaire to the respondents. Convenient sampling has used for collecting and distributing the questionnaires to them for collection of data. This research has been completing by taking 341 respondents who are the employees of the 50 banks in Rawalpindi and Islamabad mutually. After the collection the data has been further analyzed by SPSS software to check the relationship between both variables. The descriptive statistics (mean and standard deviation) are used to determine describe the importance of variables. To scrutinize the relationship of the variables regression and correlation test has been applied to check whether the hypothesis accepted or rejected. After all the analysis the findings shows that an increase in employee wellbeing (independent variable) would results in increase in the workforce productivity (dependent variable), likewise if the employee wellbeing decrease their workforce productivity also decreases and found that there is a positive relationship between both variables. The employee wellbeing decreases by work overloading, stress, environment and culture but according to this research the employee wellbeing also affected by long working hours, work-life balance and boredom. In the same way the findings said that the employee well-being increases by motivation, employee involvement, and comfortable environment of the organizations, appreciation, team work, training and friendly culture of the organization.