Online ISSN: 2515-8260

A STUDY ON QUALITY OF WORK MILIEU IN FINANCIAL SERVICE SECTOR

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P.Ganesh1 A.Fathima Banu2 R. Revathi3 S.Sandhana Ponnarasi4

Abstract

Human capital is the main asset of the service sector companies; therefore, attrition does not just affect the headcount, but results in the loss of knowledge and skills that the employees take back with them on leaving an organization. Quality of work life is important criteria that need to be focused by the organizations to achieve higher productivity and business goals and retain the employees. The main objective of this study was to understand the influence of quality of work life dimensions on the overall satisfaction of the employees with the organization Random sampling technique was used to collect opinions from 171 employees of different service sector companies. Eight quality of work life factors were examined to study the relationship with the overall satisfaction of the employees. Reliability of the data was checked using Cronbach’s alpha value and the construct validity was tested using factorial analysis. Hypotheses were tested using linear regression analysis. Commitment to the organisation was considered the most important factor among the eight dimensions. Pearson’s correlation analysis showed that all the factors were positively correlated to overall satisfaction. The recommendations provided in the study can be used by the organisations to rework on their policies to enhance quality of work life for employees that would have a positive impact on the attainment of business goals. Key words: QWL, service sector, commitment, job satisfaction, QWL dimensions

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