The Impact of Work-Life Balance on Employee Retention in RoboticGen PVT Ltd

Abstract

The business world has developed and grown quickly, opening new activities and possibilities for organizations. Additionally, globalization has made it more difficult for businesses to maintain their competitive edge in the marketplace. The tech-driven sector has also been impacted. They now face a significant challenge as the tech-driven sector has grown increasingly competitive. Managing work-life balance has grown to be a significant issue for business executives and employees alike. Employee performance, productivity, and the organization's retention rate are all closely related to that.

This thesis looked at the crucial connection between work-life balance (WLB) policies and staff retention at RGen, a technology firm based in Sri Lanka that employs a completely remote workforce. Using standardized surveys on 5-point Likert scales, employees provided primary data. Management support, job stress, family support, and the company's leave policy, which has been modified for the dynamics of online work, were among the important variables examined.

ER is the dependent variable in this study, whereas management support, family support, job stress, and the company's leave policy were the independent factors. Both primary and secondary data sources were used in the study. Questionnaires were the main source of data. 20 current workers of RGen were used as a sample for the questionnaires. Simple Random Sampling was used to select the sample. Data on employee engagement and motivation were gathered from primary and secondary sources. The study concludes that there was a good correlation between employee retention and work-life balance. Based on the results, the study suggested that RGen improve communication between departments, make its policies more family-friendly, and enhance its praise and feedback systems to lower stress. Improving these aspects will encourage a more engaged and balanced staff, ultimately increasing employee retention.