Pay satisfaction and work–life balance among Nigerian bank employees: The roles of psychological empowerment and gender

Abstract

This study examined the roles of psychological empowerment and gender in the relationship between pay satisfaction and work–life balance among bank employees. In total, 393 Nigerian bank employees participated in the study (female (49.36%; mean age = 32.07, SD = 6.93 years). Hayes Macro PROCESS analysis results showed that pay satisfaction was positively related to work–life balance. Pay satisfaction was associated with higher psychological empowerment. Psychological empowerment was associated with higher work–life balance. Psychological empowerment fully mediated the relationship between pay satisfaction and work–life balance. Gender did not affect work–life balance or moderate the link between pay satisfaction and work–life balance. The study findings suggest that psychological empowerment enhances the relationship between pay satisfaction and employees’ work–life balance in the banking sector. By implication, banking sector human resource managers should leverage employee psychological empowerment as a resource for work– life balance across gender and pay scales.

Keywords:

• bank employees
• gender
• employee well-being and retention
• job satisfaction
• pay satisfaction
• psychological empowerment
• work-life balance

Data availability

The authors confirm that the data supporting the findings of this study are available and will be provided by the corresponding author if required.