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ArticlePeer ReviewedOpen AccessPlagiarism Passed
Paper ID:IJSREM62369

EXAMINING THE IMPACT OF WORKPLACE SPIRITUALITY ON ORGANIZATIONAL PERFORMANCE IN INDIAN FINANCIAL INSTITUTIONS

Stream/Area:

-

Subject:

-

Paper ID:

IJSREM62369

Volume:

10 |

5 |

May 2026

Pages:

1-17

Publication Frequency:

Monthly (12 issues per year)

DOI
Digital Object Identifier
10.55041/IJSREM62369

License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.

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Authors

Smita Kashikar

Smita Kashikar

Management Studies

IMS, SAGE University, Indore

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DRJ

Dr. Ritu Joshi

Management Studies

IMS, SAGE University, Indore

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Abstract

This empirical study explores the multidimensional impact of workplace spirituality (WPS) on organizational performance (OP) in Indian financial institutions. With a robust sample of 600 employees from public and private banks, insurance companies, and NBFCs, the research integrates quantitative analysis through Confirmatory Factor Analysis (CFA) and Structural Equation Modeling (SEM). The study confirms that dimensions of workplace spirituality—meaningful work, sense of community, and alignment with organizational values—significantly enhance job satisfaction, ethical behavior, and organizational commitment, which collectively improve performance. Findings reaffirm that embedding spiritual values in financial institutions promotes ethical decision-making, employee engagement, and sustainable performance.

KEYWORDS

Keywords: Workplace Spirituality Ethical Behavior Job Satisfaction Organizational Commitment SEM Financial Sector.

Cite This Article

Smita Kashikar, Dr. Ritu Joshi, "EXAMINING THE IMPACT OF WORKPLACE SPIRITUALITY ON ORGANIZATIONAL PERFORMANCE IN INDIAN FINANCIAL INSTITUTIONS," International Journal of Scientific Research in Engineering and Management, vol. 10, no. 5, pp. 1-17, May 2026. https://doi.org/10.55041/IJSREM62369

Full Article/Conclusion

The quantitative evidence confirms that Workplace Spirituality is a critical determinant of organizational excellence. Financial institutions that cultivate meaning, compassion, and ethical integrity among employees achieve superior performance. The results suggest that integrating spirituality into HR policies and leadership practices can strengthen both ethical governance and productivity. The study concludes that spirituality transcends individual belief systems to become a collective organizational force that fosters ethical conduct, psychological fulfillment, and sustainable success.

References

·                  Ashmos, D. P., & Duchon, D. (2000). Spirituality at work: A conceptualization and measure. Journal of Management Inquiry, 9(2), 134–145. https://doi.org/10.1177/105649260092008 ·                  Bakker, A. B., & Demerouti, E. (2007). The Job Demands–Resources model: State of the art. Journal of Managerial Psychology, 22(3), 309–328. https://doi.org/10.1108/02683940710733115 ·                  Benefiel, M., Fry, L. W., & Geigle, D. (2014). Spirituality and religion in the workplace: History, theory, and research. Psychology of Religion and Spirituality, 6(3), 175–187. https://doi.org/10.1037/a0036597 ·                  Deloitte. (2021). Global Human Capital Trends: The social enterprise in a world disrupted. Deloitte Insights. Retrieved from https://www.deloitte.com/insights ·                  Fry, L. W. (2003). Toward a theory of spiritual leadership. The Leadership Quarterly, 14(6), 693–727. https://doi.org/10.1016/j.leaqua.2003.09.001 ·                  Giacalone, R. A., & Jurkiewicz, C. L. (2010). The science of workplace spirituality. In R. A. Giacalone & C. L. Jurkiewicz (Eds.), Handbook of workplace spirituality and organizational performance (2nd ed., pp. 3–26). M.E. Sharpe. ·                  Gupta, M., & Awasthi, I. (2020). Workplace spirituality and ethical decision-making: The mediating role of ethical mindfulness. Journal of Business Ethics, 167(2), 335–350. https://doi.org/10.1007/s10551-019-04142-1 ·                  Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2019). Multivariate data analysis (8th ed.). Cengage Learning. ·                  Kumar, N., & Bhatnagar, J. (2022). Workplace spirituality, digital collaboration, and employee engagement: Evidence from post-pandemic organizations. Journal of Human Values, 28(2), 145–162. https://doi.org/10.1177/09716858221087542 ·                  Kumar, R., & Singh, S. (2021). Mindfulness and workplace spirituality as predictors of work-life balance and job satisfaction among Indian employees. South Asian Journal of Human Resources Management, 8(1), 56–72. https://doi.org/10.1177/2322093721990763

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Publication Date

5/3/2026

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