The Empirical Study on Work Life Balance of Self Employed Individuals

Abstract

Self employment has increased popularity in recent times due to the high flexibility and earning. Less attention has been paid on work life balance of self employed men and women. Work-life balance is one of the most difficult matters that is faced by self employed men and women. In the recent era, women are motivated to start their own business with a skill and become self employed to meet her personal needs and become economically independent. The main aim of this paper is to explore how men and women who are self employed are managing their work and family life. The main purpose of this paper is to examine the factors that affect the work life balance of self employed individuals. The study also examined the main challenges being faced by men and women self employed individuals in managing their work and family life. To examine the factors exploratory factor analysis is used. The study collected the data from 285 respondents through structured questionnaire. The results of the study highlighted 6 factors namely Family role and success, society support, Family commitment, Time Management, Family support, Work stress and health issues. T-test is performed to understand the challenges of self employed individuals. The study suggests some useful implications to motivate the upcoming generation to start their own ventures or start their career being a self-employed. The analysis of the study shows that self employment is treated as a way to participate effectively in the family affairs due to flexibility which is one of the most important thing that is offered to self employed.