THE EFFECT OF COMPENSATION AND WORK-LIFE BALANCE ON EMPLOYEE RETENTION THROUGH WORK SATISFACTION (CASE STUDY AT PT SANDANG ASIA MAJU ABADI SEMARANG)

Ria Rindi Astuti, Heri Prabowo, Ratih Hesti Utami Puspitasari

Abstract


This study aims to determine the effect of compensation and work-life balance on employee retention through job satisfaction at PT Sandang Asia Maju Abadi Semarang. The author distributed questionnaires with a Likert scale model to 100 respondents in data collection techniques and was tested using validity and reliability instrument tests using the PLS (Partial Least Square) method. The data analysis used is the evaluation of the measurement model (outer model) and structural (inner model) using SmartPLS 3.0 software. The results showed that compensation has no direct effect on employee retention, work-life balance has no direct effect on employee retention, job satisfaction has a direct effect on employee retention, compensation has a direct effect on job satisfaction, work-life balance has a direct effect on job satisfaction, compensation has an indirect effect on employee retention through job satisfaction as an intervening variable and work-life balance has an indirect effect on employee retention through job satisfaction as an intervening variable.

Keywords


Compensation; Employee Retention; Job Satisfaction; Work Life Balance

Full Text:

PDF

References


Abbasi, S. M. & Hollman, K. W., 2000. Turnover: The real bottom line. Public Personnel Management, 29(3), pp. 333-342.

Abdulraheem, A. M., 2014. Modeling and Experimental Investigation of Daytona Beach, Florida. Florida: Embry-Riddle Aeronauctical University Scholarly Commons.

Adil, H. et al., 2020. Effect of Compensation Packages on Job Satisfaction and Employees‟ Retention: A Case of Jalalabad-based Private Universities of Afghanistan. Asia Pacific Journal of Multidisciplinary Research, 8(2), pp. 26-35.

Afiani, S. I. & Mulyana, A. E., 2022. Analisis Faktor Dominan yang Mempengaruhi Retensi Karyawan pada Perusahaan Manufaktur. Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis, 10(1), pp. 15-23.

Al-sharafi, H., Hassan, M. E. M. & Alam, S. S., 2018. The Effect of Training and Career Development on Employees Retention “A Study on the Telecommunication Organizations in Yemen. The Journal of Social Sciences Research, pp. 420-430.

Aziri, B., 2011. JOB SATISFACTION: A LITERATURE REVIEW MANAGEMENT RESEARCH AND PRACTICE VOL JOB SATISFACTION: A LITERATURE REVIEW. Management Research and Practice, 3(4), pp. 77-86.

Bataineh, K. A., 2019. Impact of Work-Life Balance , Happiness at Work , on Employee Performance. International Business Research, 12(2).

Biason, R. S., 2020. THE EFFECT OF JOB SATISFACTION ON EMPLOYEE RETENTION. International Journal of Economics, Commerce and Management, VIII(3), pp. 405-413.

Bibi, P., Ahmad, A. & Majid, A. H. A., 2018. HRM practices and employee retention: The moderating effect of work environment. Applying Partial Least Squares in Tourism and Hospitality Research, pp. 129-152.

Bowen, D. & Siehl, C., 1997. The Future of Human Resource Management: Marc and Simon (1958) Revisited. Human Resource Management, 36(1), pp. 57-63.

Chepchumba, T. R. & Kimuta, B. D., 2017. The Relationship Between Employee Compensation And Employee Turnover In Small Businesses Among Safaricom Dealers In Eldoret Municipality, Kenya.. International Journal of Economics, Commerce and Management, 5(2), pp. 490-501.

Chiekezie, O. M., Emejulu, G. & Nwanneka, A., 2017. Compensation Management And Employee Retention Of Selected Commercial Banks In Anambra State, Nigeria. Archives of Business Research, 5(3).

Chung, H. & Lippe, T. v. d., 2020. . Flexible Working, Work–Life Balance, and Gender Equality: Introduction. Social Indicators Research, Volume 151, pp. 365-381.

Closon, C., C., L. & C, H., 2015. Perceptions of corporate social responsibility, organizational commitment and job satisfaction. Management Research: Journal of the Iberoamerican Academy of Management, Volume 13, pp. 31-54.

Creswell, J. W., 2014. Reseacrh Design: Qualitative, Quantitative, and Mix Methods Approaches. California: Sage Publications, Inc.

Daipuria, P. & Kakar, D., 2013. Work-Life Balance for Working Parents: Perspectives and Strategies. Journal of Strategic Human Resource Management, 2(1).

Dewi, D. P. A. K., 2019. PENGARUH KOMPENSASI DAN PEMBERDAYAAN KARYAWAN TERHADAP KEPUASAN KERJA KARYAWAN. PERFORMA: Jurnal Manajemen dan Start-Up Bisnis, 4(5), pp. 736-745.

Dewi, S. A., Widiartanto & Listyorini3, S., 2022. PENGARUH KOMPENSASI DAN WORK LIFE BALANCE TERHADAP KINERJA KARYAWAN MELALUI KEPUASAN KERJA SEBAGAI VARIABEL INTERVENING (Studi Pada Karyawan PT. KAI (Persero) Daop 4 Semarang). Jurnal Ilmu Administrasi Bisnis, 11(4).

Frame, P. & Hartog, M., 2003. From Rhetoric to Reality, into the Swamp of Ethical Practice: Implementing Work-life Balance. Business Ethic: A European Review, Volume 12.

Garaika & Darmanah, 2019. Metodologi Penelitian. Lampung: Hira Tech.

Ghozali, I., 2012. Aplikasi Analisis Multivariate dengan Program IBM SPSS. Semarang: Universitas Diponegoro.

Hafanti, O., Lubis, R. & Hafasnuddin, 2015. Pengaruh Kompensasi, Lingkungan Kerja dan Desain Tugas terhadap Kepuasan Kerja dan Dampaknya Terhadap Retensi Karyawan Palang Merah Indonesia (PMI) Provinsi Aceh. Jurnal Management Pascasarjana Universitas Syiah Kuala., 4(1), pp. 164-173.

Haider, M. et al., 2015. The impact of human resource practices on employee retention in the telecom sector. International Journal of Economics and Financial Issues, 2016(5), pp. 63-69.

Hassan, A. G., Donianto, C. A., Kiolol, T. J. & Abd, T. M. K., 2020. PENGARUH TALENT MANAGEMENT DAN WORK-LIFE BALANCE TERHADAP RETENSI KARYAWAN DENGAN MEDIASI DUKUNGAN ORGANISASI. MODUS, 34(2), pp. 158-183.

Hendri, M. I., 2019. The mediation effect of job satisfaction and organizational commitment on the organizational learning effect of the employee performance. International Journal of Productivity and Performance Management, 68(7), pp. 1208-1234.

Hendy, T., 2017. Manajemen Sumber Daya Manusia. Yogyakarta: Expert.

Hernawan, B. D. & Srimulyani, V. A., 2021. Dampak Kompensasi terhadap Retensi Karyawan dengan Kepuasan Kerja sebagai Pemediasi(Impact of Compensation on Employee Retention with Job Satisfaction as a Mediation). Reviu Akuntansi, Manajemen, dan Bisnis (Rambis) , 1(2), pp. 115-125.

Hirschi, A., Shockley, K. M. & Zacher, H., 2019. Achieving work-family balance: An action regulation model. Academy of Management Review, Volume 44, pp. 150-171.

Hong, E. et al., 2012. An effectiveness of human resource management practices on employee retention in institute of higher learning: A regression analysis. International Journal of Business Research and Management, 3(2), pp. 60-79.

Hussein, F., 2017. Kepuasan Kerja & Kinerja Pegawai Budaya Organisasi, Perilaku Pemimpin dan Efikasi Diri. Jakarta: Elmatera.

Indriyani, L., 2009. Analisis Pengaruh Kompensasi dan Lingkungan Kerja Terhadap Produktivitas Kerja Perawat Dengan Kepuasan Kerja Sebagai Variabel Mediasi. Jurnal Ekonomi-Manajemen-Akuntansi, XVI(26), pp. 117-127.

Iqbal, S. & Hashmi, M., 2015. Impact of perceived organizational support on employee retention with mediating role of psychological empowerment.. Pakistan Journal of Commerce and Social Sciences (PJCSS), 9(1), pp. 18-34.

Irabor, I. & Okolie, U., 2019. A Review of Employees’ Job Satisfaction and Its Affect on Their Retention. Annals of Spiru Haret University. economic Series, 19(2), pp. 93-114.

Jacobs, E. J. & Roodt, G., 2011. The mediating effect of knowledge sharing between organisational culture and turnover intentions of professional nurses. SA Journal of Information Management, 13(1), pp. 1-6.

Kumar, R. et al., 2012. An Effectiveness of Human Resource Management Practices on Employee Retention in Institute of Higher learning: - A Regression Analysis. International Journal of Business Research and Management (IJBRM), 3(2), pp. 60-79.

Mathis, R. L. & Jackson, J. H., 2017. Manajemen Sumber Daya Manusia. Jakarta: Salemba Empat.

Mehta, M., Kurbetti, A. & Dhankhar, R., 2014. Review paper–study on employee retention and commitment. International Journal of Advance Research in Computer Science and Management Studies, 2(2), pp. 154-164.

Millena, R. & Muhammad, D. M., 2022. ANALISIS PENGARUH KOMPENSASI PELATIHAN DAN PENGEMBANGAN TERHADAP RETENSI KARYAWAN DENGAN KEPUASAN KERJA SEBAGAI MEDIASI PADA KARYAWAN MANUFAKTUR TUNAS BIZPARK KOTA BATAM. JWM (Jurnal Wawasan Manajemen), 10(3), pp. 157-166.

Mindandi, S. S., 2021. PENGARUH WORK LIFE BALANCE DAN EMPLOYEE ENGAGEMENT TERHADAP KINERJA LAYANAN DIMEDIASI KEPUASAN KERJA PADA KARYAWAN KANTOR PAJAK PRATAMA SLEMAN DIY. Yogyakarta: Fakultas Bisnis dan Ekonomika Universitas Islam Indonesia.

Mobley, W., Griffeth, R., Hand, H. & Meglino, B., 1979. Review and Conceptual Analysis of Employee Turnover Process. Psychological Bulletin, 86(3), pp. 493-552.

Ng’ethe, J. M., Iravo, M. E. & Namusonge, P. G. S., 2012. Determinants of academic staff retention in public universities in Kenya: Emperical review. International Journal of Humanities and Social Science, 2(13), pp. 205-212.

Notoatmodjo, S., 2009. Pengembangan Sumber Daya Manusia. Jakarta: Rineka Cipta.

Nurmalitasari, S. & Andriyani, 2021. PENGARUH PELATIHAN, PENGEMBANGAN KARIER, WORK LIFE BALANCE TERHADAP RETENSI KARYAWAN DENGAN KEPUASAN KERJA SEBAGAI VARIABEL PEMEDIASI (Studi Pada Karyawan Tetap PT. BPR Restu Artha Makmur Kota Semarang). DIPONEGORO JOURNAL OF MANAGEMENT , 10(3), pp. 1-15.

Poulose, S. & Sudarsan, N., 2014. Work Life Balance: A conceptual review International. Journal of Advances in Management and Economics.

Rahmiatin, T. et al., 2020. Manajemen Sumber Daya Manusia Pengadaan dan Retensi SDM di Perguruan Tinggi Swasta. 1st ed. Bandung: Alfabeta.

Rajathi, V. & Pavithra, P., 2018. Impact of Job Satisfaction on Employee Retention of IT Professionals. International Journal of Trend in Scientific Research and Development (ijtsrd), 2(3), pp. 382-385.

Robbins, S. P. & Judge, T. A., 2018. Perilaku Organisasi. Jakarta: Salemba Empat.

Saraswati, A., 2017. Step By Step Lancar Membuat KPI Key Performance Indicator. s.l.:Genesis Learning.

Sekaran, U. & Bougie, R., 2009. Research Methods for Business: A Skill-Building Approach. 5th ed. Hoboken: Jhon Wiley And Sons, Inc.

Sinaga, O. & Sijabat, R., 2022. Analisis Pengaruh Employee Motivation, Employee Empowerment, Work Life Balance Terhadap Employee Retention Dengan Job Satisfaction Sebagai Variabel Mediasi pada PT XYZ. Jurnal Administrasi Bisnis (JAB), 12(1), pp. 87-95.

Sinaga, O. & Sijabat, R., 2022. Analisis Pengaruh Employee Motivation, Employee Empowerment, Work Life Balance Terhadap Employee Retention Dengan Job Satisfaction Sebagai Variabel Mediasi pada PT XYZ. Jurnal Administrasi Bisnis (JAB) , 12(1).

Squires, J. E. et al., 2015. Job Satisfaction among Care Aides in Residential Long-Term Care: A Systematic Review of Contributing Factors, Both Individual and Organizational. Nursing Research and Practice, pp. 1-24.

Sugiyono, 2017. Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta.

Thompson, E. & Phua, F., 2012. A Brief Index of Affective Job Satisfaction. Group & Organization Management, Volume 37, pp. 275-307.

Violetta, V. & Edalmen, 2020. Pengaruh Kompensasi terhadap Retensi Karyawan dengan Kepuasan Kerja sebagai Variabel Mediasi. Jurnal Manajerial dan Kewirausahaan, II(4), pp. 1086-1095.

Wirawan, 2015. Manajemen Sumber Daya Manusia. Jakarta: Raja Grafindo Persada.

Wolor, W., Kurnianti, D., Zahra, S. F. & Martono, S., 2020. The Importance of Work-Life Balance on Employee Performance Millennial Generation in Indonesia. Journal of Critical Reviews, 7(9), pp. 1103-1108.

Yusuf, M., 2014. Metode Penelitian: Kuantitatif, Kualitatif, dan Penelitian Gabungan. Jakarta: Kencana.

Zuhri, S., 2022. Pengaruh Pemberdayaan Karyawan, Pengembangan Karir dan Kompensasi terhadap Retensi Karyawan dengan Kepuasan Kerja sebagai Variabel Intervening (Studi pada BTN Syariah KC Surakarta).. Salatiga(Jawa Tengah): INSTITUT AGAMA ISLAM NEGERI SALATIGA .




DOI: https://doi.org/10.26877/sta.v6i1.16270

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

POSKOBET POSKOBET POSTOTO787 SUNDA787 SUNDA787 ASIABET777 ASIABET777 KAWAHTOTO EMAS787 link slot gacor slot 10 ribu diamond murah voucher game