Factors Affecting life Satisfaction of Employees under Financial Threat

Apply

Factors Affecting life Satisfaction of Employees under Financial Threat

Journal Title: SEISENSE Journal of Management - Year 2019, Vol 2, Issue 1

Abstract

Purpose - Life satisfa ction is a level in which feelings of people are a ffected positively o r negatively about their lives. Employees whose lives are more satisfied are generally more committed with their works, reveal low absenteeism and more efficient in doing duties. This study aims to investigate what factors affect life satisfaction of emplo yees in the banking sector specifically in the Pakistani context. Design/Methodology - The target population of this study was non - managerial employees of banks in Lahore. Total 340 questionnaire s were distributed among employees in which 60 were filled in complete and 30 were lost. The data w ere collected through self - administered questionnaires distributed to 250 respondents. Findings - The findings of structural equation modeling showed that economic hardship, prospective anxiety , and work stress has a neg ative impact on life satisfaction. Results also show that economic hardship and prospective anxiety has a positive impact on the financial threat. The f inancial threat is negatively related to life satisfaction. Practical Implications - It will help manager s to understand the insight of employee adverse financial decision making. Managers involved in making guidelines may minimize all the consequences of psychological distress. It also helps in identifying methods to reduce anxiety , stress and economic hards hip.

Authors and Affiliations

Dr. Rizwan Qaisar Danish, Rabia Shahid, Hafiz Fawad Ali

Keywords

EP ID EP39627
DOI https://doi.org/10.33215/sjom.v2i1.82
Views 246
Downloads 0