THE INFLUENCE OF CORPORATE GOVERNANCE ON EMPLOYEE WELFARE

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Abstract

The aim of the study was to determine the extent to which work-life balance affects the job satisfaction of employees in a paper manufacturing company. Job satisfaction and work-life balance are key ingredients that impact on employees’ work and personal lives, including organizational productivity. The study is quantitative and a survey design was adopted, with a sample size of 70 employees. Both, descriptive and inferential statistics were utilized. The simple random sampling technique was adopted and the adequacy of the sample was assessed using the Kaiser-Meyer-Olkin Measure and Bartlett’s Test of Sphericity. A self-developed questionnaire was utilized and, the validity and reliability were determined. The first two hypotheses were partially accepted, one was confirmed and, one was rejected. The results indicate that with work-life balance in this organisation, there is contentment with flexible work arrangement and employee wellness and; with job satisfaction, staff are far more content with working conditions than any of the other constructs of the study. A positive relationship exists between work-life balance and job satisfaction. The findings point to a presence of factors that executives, and policy-makers need to take cognizance of, for organisational benefit, corporate social responsibility, corporate governance and for the future direction.

Keywords: Work-life balance, Job satisfaction, Flexible Work Arrangements, Pay, Promotion.

Received: 5.02.2017

Accepted: 4.05.2017

How to cite this paper: Sukdeo, S., Lynch, J., Zulu, T., & Govender, P. (2017). The influence of corporate governance on employee welfare. Corporate Ownership & Control, 14(4-1), 196-204. https://doi.org/10.22495/cocv14i4c1art2