Exploring the Impact of Workforce Well-Being and HRM Practices on Financial Performance within the Framework of ESG Accounting
This research explores the critical relationship between workforce well-being, Human Resource Management (HRM) practices, and financial performance within the context of Environmental, Social, and Governance (ESG) accounting. Through a comprehensive quantitative analysis involving 200 employees, the study reveals a strong positive link between employee well-being and financial outcomes, with HRM practices playing a key mediating role. The findings suggest that organizations that prioritize the health, satisfaction, and engagement of their employees not only foster a more productive workforce but also see tangible improvements in financial performance. This study highlights the essential role of HRM-driven well-being initiatives in aligning corporate strategies with ESG objectives, offering businesses a pathway to achieve both financial success and social sustainability. The insights gained provide valuable contributions to the fields of HRM, well-being, and ESG accounting, offering actionable guidance for organizations striving to enhance performance while upholding social responsibility.
Authors
- Muhammed Zakir Hossain (ORCID: https://orcid.org/0000-0002-1318-5310)
- Farhana Haque Purnima
- Farin Sohana
- Nusrat Jahan Jui
Institutions
- State University of Bangladesh (BD)
- University of Dhaka (BD)
Publication Details
- Journal
- European journal of management, economics and business.
- Published
- 2025-05-01
- DOI
- https://doi.org/10.59324/ejmeb.2025.2(3).14
- Citations
- 2
- Primary Topic
- Islamic Finance and Banking Studies
- Type
- article
- Field-Weighted Citation Impact
- 7.82