International Journal of Multidisciplinary Research and Growth Evaluation  |  ISSN (Online): 2582-7138  |  Double-Blind Peer Review  |  Open Access  |  CC BY 4.0

Current Issues
     2026:7/3

International Journal of Multidisciplinary Research and Growth Evaluation

ISSN (Online): 2582-7138 | Open Access

The Impact of Workplace Flexibility on Financial Well-being and Employee Productivity in the Finance and Banking Sector: A Comprehensive Study

Author(s):

Published:

Volume: 6 | Issue: 6 | Pages: 324-330

Subject: Management

Country: India

DOI: https://doi.org/10.54660/IJMRGE.2025.6.6.324-330

License: CC BY 4.0

Full Text (PDF)

Open Access - Free to Download

Download Full Article (PDF)

Alternative download link

Abstract

This study examines the relationships between workplace flexibility (flexible hours and remote work), financial well-being, employee productivity, and job satisfaction in the finance and banking sector using Structural Equation Modeling (SEM). Drawing on Self-Determination Theory, Work-Life Balance literature, and contemporary financial behavior frameworks, we hypothesize direct positive effects of workplace flexibility on financial well-being and employee outcomes, with work-life balance serving as a mediating mechanism. A survey-based study with 542 employees from diverse banking institutions tested these relationships while controlling for job level and tenure. SEM results confirmed the direct positive effects of workplace flexibility on job satisfaction (β = 0.38, p < 0.001), employee productivity (β = 0.32, p < 0.001), and financial well-being (β = 0.35, p < 0.001), with work-life balance mediating 45% of the effect on job satisfaction. The model demonstrated excellent fit (χ²/df = 2.14, CFI = 0.96, RMSEA = 0.045) and explained 52% of variance in job satisfaction, 48% in productivity, and 51% in financial well-being. These findings underscore the strategic importance of flexible work arrangements in banking organizations and provide evidence-based guidance for human resource policies that support employee financial empowerment and organizational sustainability.

How to Cite This Article

Arun K Saseendran, Reno Mathew Johnson, Anoop PS, Abin Abraham, Biju MK (2025). The Impact of Workplace Flexibility on Financial Well-being and Employee Productivity in the Finance and Banking Sector: A Comprehensive Study . International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 6(6), 324-330. DOI: https://doi.org/10.54660/IJMRGE.2025.6.6.324-330

Export Citation:

BibTeX RIS EndNote

References

  1. 1. Allen TD, Johnson RC, Kiburz KM, Shockley KM. Work-familyconflictandflexibleworkarrangements: Deconstructingflexibility. Pers Psychol.2013;66(2\:345-76. doi:10.1111/peps.
  2. 120122. Anoop PS, Biju MK. Impactof ICTinruralfinancialwellbeingthroughfarmingtourism. In: Reimagining Business Educationand Industryin2030;2022. p.93.
  3. 3. Anoop PS, Keerthy TR. Wideningdisparitiesamongpowerfulandpowerless: Acomparativestudybetweentribalsandgeneralcommunity.
  4. 4. Anoop PS, Biju MK, Sujith PS, Keerthy TR. Enhancingcardamompriceforecasting: Integrationof XGBoostmodelforarobustensemblemodel. South Asian JSoc Stud Econ.2025;22(10\:181-97. doi:10.9734/sajsse/2025/v22i
  5. 109875. Anoop PS, Biju MK. Entrepreneurshipdevelopmentandfinancialinclusionamong Scheduled Tribecommunitiesin Kerala: Opportunities, challenges, andpolicyimplications. Shodh Kosh JVis Perform Arts.2024;5(4\. doi:10.29121/shodhkosh. v5. i4.2024.
  6. 57586. Bloom N, Liang J, Roberts J, Ying ZJ. Doesworkingfromhomework?Evidencefroma Chineseexperiment. QJEcon.2015;130(1\:165-218. doi:10.1093/qje/qju
  7. 327. Gajendran RS, Harrison DA. Thegood, thebad, andtheunknownabouttelecommuting: Meta-analysisofpsychologicalmediatorsandindividualconsequences. JAppl Psychol.2007;92(6\:1524-41. doi:10.1037/0021-9010.92.6.
  8. 15248. Greenhaus JH, Beutell NJ. Sourcesofconflictbetweenworkandfamilyroles. Acad Manage Rev.1985;10(1\:76-88.[Note: Thecitationyougave(2000,76(2\\appearstobeincorrect; theoriginalandmostcitedwork-familyconflictarticleby Greenhaus&Beutellisfrom
  9. 1985. Ifyouintentionallymeanta2000review
  10. 9. Hill EJ, Miller BC, Weiner SP, Colihan J. Influencesofthevirtualofficeonaspectsofworkandwork/lifebalance. Pers Psychol.1998;51(3\:667-83. doi:10.1111/j.1744-6570.1998. tb00257. x
  11. 10. Hobfoll SE. Socialandpsychologicalresourcesandadaptation. Rev Gen Psychol.2002;6(4\:307-24. doi:10.1037/1089-2680.6.4.
  12. 30711. Kalliath T, Brough P. Work-lifebalance: Areviewofthemeaning, theresearchandtherecenttrends. JManag Organ.2008;14(3\:324-38. doi:10.1017/S
  13. 183336720000348512. Mc Kinsey&Company. Thefutureofworkafter COVID-
  14. 19. Mc Kinsey Global Institute;
  15. 2022. Availablefrom: https://www. mckinsey. com/featured-insights/future-of-work/the-future-of-work-after-covid-
  16. 1913. Motowidlo SJ, Van Scotter JR. Evidencethattaskperformanceshouldbedistinguishedfromcontextualperformance. JAppl Psychol.1994;79(4\:475-80. doi:10.1037/0021-9010.79.4.
  17. 47514. Anoop PS, Biju MK. Sustainablefinancialbehavioranditsdeterminantsfromanindividual'sperspective: Aliteraturesynthesis. Int JRes Eng Appl Manag.2025;10(12\:1-2. doi:10.35291/2454-9150.2025.
  18. 3115. Ryan RM, Deci EL. Self-determinationtheoryandthefacilitationofintrinsicmotivation, socialdevelopment, andwell-being. Am Psychol.2000;55(1\:68-
  19. 78. International Journalof Multidisciplinary Researchand Growth Evaluationwww. allmultidisciplinaryjournal. com330|Pagedoi:10.1037/0003-066X.55.1.
  20. 6816. Scarpello V, Campbell JP. Jobsatisfaction: Areallthepartsthere?Pers Psychol.1983;36(3\:577-600. doi:10.1111/j.1744-6570.1983. tb02237. x

Publication Information

Journal: International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE)

Publisher: Anfo Publication House

ISSN: 2582-7138 (Online)

Frequency: Bimonthly

Language: English

Open Access: Yes - This article is distributed under the terms of the Creative Commons Attribution 4.0 International License

Share This Article: