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.

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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
Controls
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article

Exploring the Impact of Workforce Well-Being and HRM Practices on Financial Performance within the Framework of ESG Accounting

Muhammed Zakir Hossain, Farhana Haque Purnima, Farin Sohana, Nusrat Jahan Jui
2 citations
European journal of management, economics and business.
Islamic Finance and Banking Studies
7.82
article

Exploring the Impact of Workforce Well-Being and HRM Practices on Financial Performance within the Framework of ESG Accounting

Muhammed Zakir Hossain, Farhana Haque Purnima, Farin Sohana, Nusrat Jahan Jui
article en
2 citations

Abstract

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.

European journal of management, economics and business.Vol. 2(3)
State University of Bangladesh (BD), University of Dhaka (BD)
Openalex Percentile: Top 3%
Islamic Finance and Banking Studies
7.82
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Exploring the Impact of Workforce Well-Being and HRM Practices on Financial Performance within the Framework of ESG Accounting — Muhammed Zakir Hossain, Farhana Haque Purnima, et al. · European journal of management, economics and business. (2025) | TGRS Research Map | TGRS