Work-Life Balance and Employee Retention in the workplace: A study of Lagos State Development and Property Corporation (LSDPC).

M. A GBAJUMO-SHERIFF; O. A. OLUSANYA; O.O ODETUNDE; S. T. ELEGBEDE; S.E. MBAH

M. A GBAJUMO-SHERIFF University of Lagos
O. A. OLUSANYA University of Lagos
O.O ODETUNDE University of Lagos
S. T. ELEGBEDE University of Lagos
S.E. MBAH University of Lagos

Keywords: Employee, Employee Retention, Communication, Flexible Schedules, Policy Support, Work-Life Balance

Abstract

This study assessed work-life balance and its impact on employee retention, using the Lagos State Development and Property Corporation (LSDPC) as a case study. Through the exploration of four research questions and the formulation of four research hypotheses, this study aims to uncover the intricate relationship between work-life balance initiatives and various organizational outcomes within LSDPC. This study was based on Quantitative methodology which adopts the use of Questionnaires administered to 206 respondents. It was discovered there is a critical role of work-life balance initiatives in shaping employee satisfaction, retention, and organizational outcomes within LSDPC. Based on the findings, it is recommended that there should be regular assessments and solicit employee feedback to better understand their work-life balance needs and preferences, enhance communication strategies to ensure that all employees are aware of the available work-life balance policies, programs, and initiatives among others.