Study the impact of Demographics on Life Domain and Global Life Satisfactions

Abstract

The world is changing at a fast pace, and it will continue to change faster. This fast change is leading to Volatile, Uncertain, Complex, Ambiguous (VUCA) work environments. Uncontrollable uncertainty is one source of stress for leaders and individuals both in the personal and organizational contexts. Traditional work-life balance interventions are insufficient as they do not consider recent developments in working arrangements, and employment relationships. There is an urgent need for organizations to address this problem holistically. Last few decades, there is growing interest in Global Life Satisfaction (GLS), a component of Subjective well-being and positive psychology, to build the resilience required to tackle stress-related challenges. GLS is, in turn, related to satisfaction with Life Domains (LDS) like career, money & finances, health, friends & family, personal growth, fun & recreation, and the physical environment. The study's objectives are: knowing the impact of demographics like industry, level in the organization, gender, age, marital status, spouse working status, and support status on LDS & GLS; and giving suitable suggestions to improve LDS & GLS. Study results indicated that demographics like industry type, level in the organization, marital Status, and spouse earning status significantly impact LDS & GLS. Comparatively, satisfaction is better with Pharma(Manufacturing sector) executives than IT(Service sector) executives.