Impact on Employee age on Employee Performance at a selected Lubricant Company in Sri Lanka

Abstract

This research is conducted focusing on the employees at “the selected Lubricant Company in Sri Lanka” to investigate the impact on employee age on employee performance. Employee Performance is taken as the dependent variable of the study while Working Memory Capacity, Time-pressure, Task Performance and Self-efficacy are taken as independent variables. Where the null hypothesis only described one independent variable, the hypotheses have shown three independent factors (Working memory capacity, Task performance and Self-efficacy) have a relationship with the dependent variable, according to the alternative hypothesis, but there is low positive relationship with the independent variable (Time-pressure). The study was published in line with the Research Onion Framework. Research had done for 102 employees in the Lubricant Company. Data is gathered throughout a questionnaire under primary data collecting method and sample had selected by using simple random sampling method. Data has analyzed under quantitative method. The objective of the study is to explore the impact on Employee age on Employee Performance, and to analyze the relationship between identified factors and employee performance while recommending solutions to overcome the employee performance related issues in the organization. Therefore, three independent variables, working memory capacity (P = 0752), task performance (P = 0794) and Self-efficacy (P = 0.819) have a high positive correlation with employee performance which is dependent variable. That mean, if those variables increase, employee performance will be automatically increased. As well as, one independent variable time pressure (P = 0.071) shows negligible correlation with employee performance. Every hypothesis was examined, and in the end, one null hypothesis was accepted and three null hypotheses were rejected, while three alternative hypotheses were accepted and one rejected. As a result, the final result was produced because three of the research study's independent variables had a high positive correlation with the dependent variable, while other independent variable has a negligible relationship with the dependent variable. The employee self-efficacy is the primary component that has the greatest impact on employee performance, according to the researcher's data (P = 0.01 & R Square = 67.1%). As a result, the study's findings supported the researcher's hypothesis that there is low correlation between time-pressure and employee performance among the Lubricant Company employees. Future directions on this scope, together with recommendations to improve employee performance by determining the employee age factors.