Exploring the Impact of Alternative Work Arrangements, Work-Family Enrichment, and Work-Family Supportive Culture on Work-Life Balance: Evidence from the Banking Sector in Bangladesh

Abstract

This research has explored how Alternative Work Arrangements (AWA), Work-Family Enrichment (WFE), and Work-Family Supportive Culture (WFSC) impact Work-Life Balance (WLB) among female employees of private banks in Bangladesh which is supported by the Conservation of Resources (COR), Positive Spillover, and Social Exchange theories. It employed a quantitative design and convenience sampling, analyzing the responses of 338 respondents using Structural Equation Modeling (SEM). Results showed that all three factors of AWA, WFE and WFSC were significantly and positively associated with WLB, in that women experience greater satisfaction in their professional life with flexible arrangements, enriching practice and supportive organizational culture. The developed model was found to be strong, with a high R 2 value of 0.763 and acceptable fit indices, SRMR 0.061 and NFI 0.867. This research also has important practical implications for organizations which means that it emphasizes the need to assimilate flexible work arrangements, family-friendly policies and reward-enhancing practices in order to foster employee loyalty, satisfaction and performance. Thus, the paper bridges the theoretical rationale and the empirical evidence to offer insights from an emerging economy, the need for retaining employees through ensuring flexibility and support is not only a moral imperative, but a strategic one too.