The influence of financial compensation and job satisfaction on employee performance with work motivation as a variable intervening
Voluntary labor study in the general section of the Regional Secretariat Ogan Ilir Regency
Keywords:
Financial Compensation, Job Satisfaction, Work Motivation, Employee PerformanceAbstract
This research aims to examine the effect of financial compensation and job satisfaction on employee performance with work motivation as an intervening variable in the Voluntary Workforce (TKS) of the General Section of the Regional Secretariat of Ogan Ilir Regency. The population in this study were all TKS in the General Section of the Regional Secretariat of Ogan Ilir Regency, totaling 64 people and sampling used a census. The analysis technique in this research uses Structural Equation Modeling (SEM) using SmartPLS software. The results of the research show that financial compensation and job satisfaction have a positive and significant effect on employee performance, financial compensation and job satisfaction have a positive and significant effect on work motivation, work motivation has a positive and significant effect on employee performance, work motivation can mediate the relationship between financial compensation and job satisfaction on employee performance. The implication of this research is that it is important for companies to take concrete steps in providing financial compensation so that it is effective and efficient, provides job satisfaction and high work motivation to all employees and improves employee performance, namely TKS General Section of the Regional Secretariat of Ogan Ilir Regency.
Downloads
References
Aliyya, A., Frima, R., & Oliyan, F. (2022). Pengaruh Kompensasi Finansial dan Non Finansial Terhadap Kinerja Karyawan Dengan Motivasi Kerja Sebagai Variabel Intervening (Studi Empiris Pada BPR Di Kota Payakumbuh). Jurnal Akuntansi, Bisnis dan Ekonomi Indonesia (JABEI), 1(1), 50-57.
Arshadi, N. (2010). Basic need satisfaction, work motivation, and job performance in an industrial company in Iran. Procedia-Social and Behavioral Sciences, 5, 1267-1272. https://doi.org/10.1016/j.sbspro.2010.07.273
Aulia, N. A., Kasran, M., & Haedar, H. (2019). Pengaruh Kompensasi Financial Dan Non Financial Terhadap Motivasi Dan Prestasi Kerja Karyawan (studi kasus PT. Telkom Cabang Palopo). Jurnal Manajemen STIE Muhammadiyah Palopo, 4(1).
Dessler, G. (2020). Fundamentals of human resource management. Pearson.
Dwivedula, R., & Bredillet, C. N. (2010). Profiling work motivation of project workers. International Journal of Project Management, 28(2), 158-165. https://doi.org/10.1016/j.ijproman.2009.09.001
Eliyana, A., & Ma’arif, S. (2019). Job satisfaction and organizational commitment effect in the transformational leadership towards employee performance. European Research on Management and Business Economics, 25(3), 144-150. https://doi.org/10.1016/j.iedeen.2019.05.001
Ferdinand, A. (2014). Metode penelitian manajemen: Pedoman penelitian untuk penulisan skripsi tesis dan disertasi ilmu manajemen.
Güngör, P. (2011). The relationship between reward management system and employee performance with the mediating role of motivation: A quantitative study on global banks. Procedia-Social and Behavioral Sciences, 24, 1510-1520. https://doi.org/10.1016/j.sbspro.2011.09.029
Haesevoets, T., Folmer, C. R., De Cremer, D., & Van Hiel, A. (2013). Money isn’t all that matters: The use of financial compensation and apologies to preserve relationships in the aftermath of distributive harm. Journal of Economic Psychology, 35, 95-107. https://doi.org/10.1016/j.joep.2013.02.003
Hair Jr, J. F., Hult, G. T. M., Ringle, C. M., Sarstedt, M., Danks, N. P., Ray, S., ... & Ray, S. (2021). An introduction to structural equation modeling. Partial least squares structural equation modeling (PLS-SEM) using R: a workbook, 1-29.
Indriasih Dewi, D. (2022). The role of commitment, competence, internal control system, transparency and accessibility in predicting the accountability of village fund management. The Indonesian Accounting Review, 12(1).
Kane, E. J. (2002). Using deferred compensation to strengthen the ethics of financial regulation. Journal of Banking & Finance, 26(9), 1919-1933. https://doi.org/10.1016/S0378-4266(02)00198-X
Karatepe, O. M. (2013). High-performance work practices and hotel employee performance: The mediation of work engagement. International Journal of Hospitality Management, 32, 132-140. https://doi.org/10.1016/j.ijhm.2012.05.003
Kristine, E. (2017). Pengaruh kepuasan kerja dan komitmen organisasi terhadap kinerja melalui motivasi kerja pegawai alih daya (outsourcing) di PT Mitra Karya Jaya Sentosa. Jurnal Eksekutif, 14(2), 384-401.
Laia, R. (2018). Pengaruh Kompensasi Dan Motivasi Terhadap Kinerja Karyawan Dengan Kepuasan Karyawan Sebagai Variabel Intervening Pada Pt Bank Negara Indonesia Cabang Batam. JIM UPB (Jurnal Ilmiah Manajemen Universitas Putera Batam), 6(2), 12-21.
Lie, T. F. (2018). Pengaruh kepuasan kerja terhadap kinerja karyawan melalui motivasi kerja pada CV. Union Event Planner. Agora, 6(1).
Maryani, N. L. K. S., Widyani, A. A. D., & Saraswati, N. P. A. S. (2020). Pengaruh Kompensasi Finansial terhadap Kinerja Karyawan dengan Motivasi sebagai Variabel Intervening pada PT Arta Sedana Retailindo Cabang Hardys Malls Sanur Pengaruh Kompensasi Finansial terhadap Kinerja Karyawan dengan Motivasi sebagai Variabel Inter. VALUES, 1(2).
Mullins, L. J., & McLean, J. E. (2019). Organisational behaviour in the workplace. Harlow: Pearson.
Mushawir, A. J. A. A., Muis, M., & Umar, F. (2019). The Effect of Financial and Non-Financial Compensation on Work Motivation and Officials’ Performance at Hasanuddin University, Makassar. Hasanuddin Journal Of Business Strategy, 1(2), 14-24.
Panjaitan, M., Sinaga, A. O., & Manurung, E. D. (2018). Pengaruh Kompensasi Terhadap Kinerja Karyawan Pt. Sentral Pembangunan Indonesia. Jurnal Manajemen, 4(1), 83-92.
Putra, U., Hasanuddin, B., & Wirastuti, W. (2018). Pengaruh Motivasi Kerja Dan Kompensasi Terhadap Kinerja Karyawan Pada PT. Balindo Manunggal Bersama Kota Palu. Jurnal Ilmu Manajemen Universitas Tadulako (JIMUT), 4(1), 1-10.
Putri, I. A. G. S., Sintaasih, D. K., Supartha, W. G., & Riana, I. G. (2022). The influence of job satisfaction on organizational commitment and quality of inpatient services: Study at the Wangaya Regional General Hospital, Denpasar City. International Journal of Business, Economics & Management, 5(1), 18-22. https://doi.org/10.21744/ijbem.v5n1.1854
Raymond, A. N., John, R. H., Barry, A. G., & Patrick, M. W. (2016). Fundamentals of human resource management (Sixth edition). McGraw-Hill Education.
Raziq, A., & Maulabakhsh, R. (2015). Impact of working environment on job satisfaction. Procedia Economics and Finance, 23, 717-725. https://doi.org/10.1016/S2212-5671(15)00524-9
Robbins, S. P., & Coulter, M. (2018). Manajemen (14 th). Pearson Education.
Rutherford, B., Boles, J., Hamwi, G. A., Madupalli, R., & Rutherford, L. (2009). The role of the seven dimensions of job satisfaction in salesperson's attitudes and behaviors. Journal of business research, 62(11), 1146-1151. https://doi.org/10.1016/j.jbusres.2008.10.019
Saragih, R. S., & Simarmata, H. M. P. (2018). Kepemimpinan, Kepuasan Kerja Dan Motivasi Terhadap Kinerja Pegawai. Jurnal Ilmiah Manajemen Dan Bisnis, 19(2), 124-134.
Sinaga, T. S., & Hidayat, R. (2020). Pengaruh motivasi dan kompensasi terhadap kinerja karyawan pada PT. Kereta Api Indonesia. Jurnal Ilman: Jurnal Ilmu Manajemen, 8(1), 15-22.
Stoeber, J., Davis, C. R., & Townley, J. (2013). Perfectionism and workaholism in employees: The role of work motivation. Personality and Individual Differences, 55(7), 733-738. https://doi.org/10.1016/j.paid.2013.06.001
Sutrisno, E., Fatoni, A., & Nawawi, H. (2010). Manajemen Sumber Daya Manusia (MSDM). Kencana Prenada Media Group. Jakarta.
Wijaya, I. K. (2018). Pengaruh kepuasan kerja terhadap kinerja karyawan cv bukit sanomas. Agora, 6(2).
Published
How to Cite
Issue
Section
Copyright (c) 2023 International journal of business, economics & management
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Articles published in the International Journal of Business, Economics & Management (IJBEM) are available under Creative Commons Attribution Non-Commercial No Derivatives Licence (CC BY-NC-ND 4.0). Authors retain copyright in their work and grant IJBEM right of first publication under CC BY-NC-ND 4.0. Users have the right to read, download, copy, distribute, print, search, or link to the full texts of articles in this journal, and to use them for any other lawful purpose.
Articles published in IJBEM can be copied, communicated and shared in their published form for non-commercial purposes provided full attribution is given to the author and the journal. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
