Green Human Resource Management Practices and Employees’ Hedonic and Eudaimonic Well-Being in the Vietnamese Banking Industry: An Empirical Study

Abstract

This study investigates the influence of Green Human Resource Management (GHRM) practices on the psychological well-being of employees in Vietnam’s banking sector, with a focus on two key dimensions: (i) Hedonic Well-being (HWB) and (ii) Eudaimonic Well-being (EWB). Drawing on the Job Demands-Resources (JD-R) Theory and Corporate Social Responsibility (CSR) framework, the study develops an integrated theoretical model and tests it using partial least squares structural equation modeling (PLS-SEM) on a sample of 385 employees from major commercial banks. The findings reveal that GHRM practices have a significant positive effect on both HWB and EWB, with a notably stronger impact on EWB. Furthermore, multigroup analysis (MGA) indicates that work experience serves as a significant moderating factor: employees with five or more years of experience exhibit a stronger positive response to GHRM practices compared to those with less experience. However, no significant differences are observed across gender groups.