Abstract:
The ongoing economic crisis in Sri Lanka has significantly affected work-life balance (WLB) in project-based organizations. This study explores how economic downturns influence employees' ability to balance personal and professional commitments. A qualitative research approach was employed, utilizing in-depth interviews and secondary data sources to examine the key factors impacting WLB. Findings reveal that increased workloads, job insecurity, and financial instability have led to heightened stress levels among employees. Limited resources, prolonged working hours, and inadequate organizational support have exacerbated challenges in maintaining WLB. Applying
Resource Conservation Theory (RCT), the study demonstrates how the depletion of essential resources—such as time, energy, and emotional resilience—has intensified WLB difficulties. However, organizations that implement flexible work arrangements, mental health support programs, and financial assistance initiatives have observed improved employee well-being and productivity. The study underscores the necessity for targeted interventions to mitigate the adverse effects of economic crises on WLB in project-based organizations. Practical recommendations include adopting flexible work policies, strengthening mental health initiatives, and providing financial support mechanisms to
enhance organizational resilience. This research contributes to the academic discourse on WLB during economic downturns and provides valuable insights for project managers and policymakers seeking to foster employee well-being and sustainability in challenging economic environments.
