Subjective Well-Being of Employees and Freelancers in the Information Technology Sector

Abstract

Purpose: The aim of this study is to examine the various dimensions of the subjective well-being of employees and freelancers working in the Information Technology sector. It also examines the difference in subjective well-being between employees and freelancers. Theoretical framework: The study explains subjective well-being based on need theory, socioemotional selectivity theory, and spillover theory. Design/methodology/approach: A cross-sectional survey design was employed, utilizing a purposive sample of 200 employees and freelancers in India. A questionnaire is used for data collection using established scales. Descriptive statistics, reliability analysis, correlation analysis, and ANOVA are carried out on the collected data. Findings: All the dimensions of subjective well-being are significantly correlated. The ANOVA results indicate significant differences in all dimensions of subjective well-being across the respondents’ demographics. With respect to freelancers and employees in the IT sector, they show differences in work satisfaction, income satisfaction, and health satisfaction. The findings suggest that work satisfaction, income satisfaction, and health satisfaction should be focused among employees. Life satisfaction and leisure satisfaction can be focused on among freelancers. Research, Practical & Social implications: Managers and organizations should invest in the key preference satisfaction domains that will create bring positive employee performance outcomes and enhance the commitment of freelancers toward project success. Originality/value: This study provides novel insights into various areas that can be focused on to improve the subjective well-being of employees and freelancers in the IT sector.