Unveiling the dynamics of motivation, work-life balance, and work engagement among Vietnamese employees in multinational corporations

This paper investigates the factors influencing work engagement among local Vietnamese staff in multinational corporations by focusing on the impacts of work motivation and work-life balance on work engagement. It explores the role of salary, bonuses, financial rewards, and career promotion in shapi...

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Bibliographic Details
Published in:Problems and perspectives in management 2023, Vol.21 (3), p.629-641
Main Authors: Viet Nguyen, Quoc, Ninh Nguyen, Hai, Uyen Phan, To
Format: Article
Language:English
Subjects:
bonuses and financial rewards
career promotion
Careers
Employees
motivation
Multinational corporations
salary
Wages & salaries
work engagement
Work environment
Work life balance
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Summary:This paper investigates the factors influencing work engagement among local Vietnamese staff in multinational corporations by focusing on the impacts of work motivation and work-life balance on work engagement. It explores the role of salary, bonuses, financial rewards, and career promotion in shaping employees’ motivation. A structured questionnaire was administered to 279 respondents working at Samsung Electronics Vietnam Co., Ltd. The collected data were analyzed using the partial least squares structural equation modeling (PLS-SEM) techniques and SmartPLS software. The findings reveal that career promotion opportunities significantly influence work motivation, surpassing salary, bonuses, and financial rewards. Work motivation and work-life balance positively affect work engagement, with work motivation exhibiting a more substantial impact. The study emphasizes the importance of clear career paths and growth opportunities in enhancing employee work motivation and engagement. It also underscores the need for organizations to create a supportive work environment, offer competitive compensation packages, and implement recognition programs. These findings have practical implications for multinational corporations operating in Vietnam, highlighting the significance of prioritizing employee career progression, promoting work-life balance, and fostering a motivating work environment.
ISSN:1727-7051
1810-5467
DOI:10.21511/ppm.21(3).2023.49