Abstract:
Establishing work-life balance in industrial organizations is crucial in business
landscapes, contributing to enhanced management and competitive advantage.
The research examines approaches to achieve work-life balance in digital-era industrial organizations and to develops a structural equation model based on these approaches.
The research employs both qualitative and quantitative research methodologies.
Qualitative research involved in-depth interviews with 9 experts, and focus group
discussions with 11 specialists. Quantitative research surveyed 500 industrial business executives using questionnaires. Data were analyzed using descriptive, inferential, and multivariate statistics.
Findings revealed four key components to achieve work-life balance, listed in
descending order of significance : 1) Regulation and Motivation (X̅ = 4.32), was the
most important item focus on setting compensation rates and benefits that adapt to
evolving economic and societal factors, 2) Relief Activity (X̅ = 4.31), supporting technology use in improvement activities i.e. QCC and Kaizen, to foster innovation, 3) Working Environment (X̅ = 4.29), emphasizing a positive atmosphere that promotes collaboration and builds trust, 4) Organization Support (X̅ = 4.22), setting policies to prevent discrimination and reduce conflict. Hypothesis testing revealed a significant difference (p < 0.05) between small-to-medium and large businesses in approaches to achieve work-life balance.
The structural equation model met the evaluation criteria and aligned with
observational data, with chi-square of 0.147, relative chi-square of 1.087, goodness-of-ft index of 0.954, and root mean square error of approximation of 0.013.