Dampak Kompensasi terhadap Retensi Karyawan dengan Kepuasan Kerja sebagai Pemediasi

https://doi.org/10.35912/rambis.v1i2.888
Published: Apr 14, 2022

Abstract:

Purpose: The study aims to analyze the direct and indirect impact of compensation on employee retention with job satisfaction as a mediation.

Research methodology: The study sample was 50 permanent employees of PT Daya Surya Sejahtera Ponorogo Regency. Data analysis includes data quality testing, classical assumptions, hypotheses. Hypothesis testing uses path analysis from hierarchical regression analysis.

Results: Hypothesis testing results show that: 1) compensation has a positive significant effect on job satisfaction; 2) job satisfaction has a positive significant effect on employee retention; 3) compensation has a positive significant effect on employee retention; 4) job satisfaction acts as a full mediation indirect effect of compensation on employee retention.

Limitations: The study focused on the direct and indirect impact of compensation on employee retention with job satisfaction as a mediation, and only on 50 permanent employees at one of the retail companies in Ponorogo district.

Contribution: This finding proves that compensation for the form of appreciation given by the company to employees for employee contributions plays an important role in improving job satisfaction and employee retention in the company. This finding can be used as a development material for further research, especially the review of employee retention in retail businesses that are currently growing rapidly in Indonesia.

Keywords:
1. Compensation
2. Job Satisfaction
3. Employee Retention
Authors:
1 . Bunga Dinda Hernawan
2 . Veronika Agustini Srimulyani
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How to Cite
Hernawan, B. D. ., & Srimulyani, V. A. . (2022). Dampak Kompensasi terhadap Retensi Karyawan dengan Kepuasan Kerja sebagai Pemediasi. Reviu Akuntansi, Manajemen, Dan Bisnis, 1(2), 115–125. https://doi.org/10.35912/rambis.v1i2.888
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Issue & Section
Vol. 1 No. 2 (2021): Desember
Articles
References

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    Aisyah, N., & Faeni, D. P. (2021). Pengaruh Self-Efficacy, Quality of Work Life dan Kompensasi terhadap Retensi Karyawan PT. Antaran Sukses Express di Kota Tangerang. Studi Akuntansi, Keuangan, dan Manajemen, 1(1), 1-8.

    Baron, R.M. & Kenny, D.A. 1986. The Moderator-Mediator Variable Distinction in Social Psychological Research: Conceptual, Strategic, and Statistical Considerations. Journal of personality and Social Psychology, 51(6), 1173-1182.

    Bidisha, L. D., Mukulesh, B. (2013) Employee retention: A review of literature. Journal of Business and Management, 14(1), 8-16.

    Biason, R. (2020). The effect of job satisfactiob on employee retention. International Journal of Economics, Commerce and Management, 8(3), 405-413.

    Dessler, G. (2015). Manajemen Sumber Daya Manusia. Jakarta: Salemba Empat.

    Ghozali, I. (2006). Aplikasi Analisis Multivariate dengan Progam SPSS. Universitas Diponegoro

    Gardner, D.G., Van Dyne, L., Pierce, J.L. (2004). The effects of pay level on organization based self-esteem and performance. A field-study. Journal of Occupational and Organizational Psychology, 77(1), 307-322

    Huang, I.C., Lin, H.V., Chuang, C.H. (2006). Constructing factors related to worker retention. International Journal of Manpower, 27(5), 491-508.

    Hytter, A. (2007). Retention strategies in France and Sweden. Irish Journal of Management, 28(1), 59-79.

    Irabor, I.E., & Okolie, U.C. (2019). A Review of Employees’ Job Satisfaction and Its Affect on Their Retention. Annals of Spiru Haret University. Economic Series, 19(2), 93-114, doi: https://doi.org/ 10.26458/1924

    Luthans, F. (2006). Perilaku Organisasi, Alih Bahasa V. A Yuwono. Yogyakarta: Penerbit Andi.

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    Mabaso, C.M & Dlamini, B. I. (2018). Impact of Compensation and Benefits on Job Satisfaction. Research Journal of Business Management, 11 (2), 80-90.

    Mathis, Robert L., & John H. (2017). Manajemen Sumber Daya Manusia: (edisi ke-10). Jakarta. Salemba Empat.

    Motlou, R.G., Singh, S., & Karodia, A.M. (2016). An evaluation of the impact of job satisfaction on employee retention at Lonmin Rowland Shaft North West Province. Kuwait Chapter of Arabian Journal of Business and Management Revie, 5 (10).

    Osibanjo, O.A., Adeniji, A.A., Falola, H.O., Heirsmac, P.T. (2014) Compensation package: a strategic tool for employees’ performance and retention. Leonardo Journal of Sciences, 25, 65-84.

    Putra, I. P. A. P. A., & Utama, I. W. M. Pengaruh Budaya Organisasi Komitmen Organisasional Dan Kompensasi Terhadap Retensi Karyawan. E-Jurnal Manajemen, 7(11), 5930-5954.

    Rahmawati, R.A. (2018). The Effect of Compensation, Work Environment and Job Satisfaction on Employee Retention A Case Study: Banking Industry. https://dspace.uii.ac.id/bitstream/handle/123456789/9741/JURNAL%20PUBLIKASI.pdf.

    Rajathi, V.M.A. & 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), 382-385.

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    Winoto Tj., H., Tecoalu, M., dan Wijaya, S. (2021). The Effect of Compensation and Supervisor Support Mediated by Job Satisfaction on Employee Retention (Case Study at PT Pradu). Primanomics (Jurnal Ekonomi dan Bisnis), 19 (1).

  1. Adil, H., Rao, C. V. Kannaji, Qasim Ayaz, M.Q., & Shinwari, A. (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), 26-35.
  2. Aisyah, N., & Faeni, D. P. (2021). Pengaruh Self-Efficacy, Quality of Work Life dan Kompensasi terhadap Retensi Karyawan PT. Antaran Sukses Express di Kota Tangerang. Studi Akuntansi, Keuangan, dan Manajemen, 1(1), 1-8.
  3. Baron, R.M. & Kenny, D.A. 1986. The Moderator-Mediator Variable Distinction in Social Psychological Research: Conceptual, Strategic, and Statistical Considerations. Journal of personality and Social Psychology, 51(6), 1173-1182.
  4. Bidisha, L. D., Mukulesh, B. (2013) Employee retention: A review of literature. Journal of Business and Management, 14(1), 8-16.
  5. Biason, R. (2020). The effect of job satisfactiob on employee retention. International Journal of Economics, Commerce and Management, 8(3), 405-413.
  6. Dessler, G. (2015). Manajemen Sumber Daya Manusia. Jakarta: Salemba Empat.
  7. Ghozali, I. (2006). Aplikasi Analisis Multivariate dengan Progam SPSS. Universitas Diponegoro
  8. Gardner, D.G., Van Dyne, L., Pierce, J.L. (2004). The effects of pay level on organization based self-esteem and performance. A field-study. Journal of Occupational and Organizational Psychology, 77(1), 307-322
  9. Huang, I.C., Lin, H.V., Chuang, C.H. (2006). Constructing factors related to worker retention. International Journal of Manpower, 27(5), 491-508.
  10. Hytter, A. (2007). Retention strategies in France and Sweden. Irish Journal of Management, 28(1), 59-79.
  11. Irabor, I.E., & Okolie, U.C. (2019). A Review of Employees’ Job Satisfaction and Its Affect on Their Retention. Annals of Spiru Haret University. Economic Series, 19(2), 93-114, doi: https://doi.org/ 10.26458/1924
  12. Luthans, F. (2006). Perilaku Organisasi, Alih Bahasa V. A Yuwono. Yogyakarta: Penerbit Andi.
  13. Lisdayanti, L., Lie, D., Butarbutar, M., & Wijaya, A. (2015). Pengaruh Kepuasan Kerja terhadap Retensi Karyawan pada PT Bumi Sari Prima Pematangsiantar. Maker: Jurnal Manajemen, 1(1), 30-38.
  14. Mabaso, C.M & Dlamini, B. I. (2018). Impact of Compensation and Benefits on Job Satisfaction. Research Journal of Business Management, 11 (2), 80-90.
  15. Mathis, Robert L., & John H. (2017). Manajemen Sumber Daya Manusia: (edisi ke-10). Jakarta. Salemba Empat.
  16. Motlou, R.G., Singh, S., & Karodia, A.M. (2016). An evaluation of the impact of job satisfaction on employee retention at Lonmin Rowland Shaft North West Province. Kuwait Chapter of Arabian Journal of Business and Management Revie, 5 (10).
  17. Osibanjo, O.A., Adeniji, A.A., Falola, H.O., Heirsmac, P.T. (2014) Compensation package: a strategic tool for employees’ performance and retention. Leonardo Journal of Sciences, 25, 65-84.
  18. Putra, I. P. A. P. A., & Utama, I. W. M. Pengaruh Budaya Organisasi Komitmen Organisasional Dan Kompensasi Terhadap Retensi Karyawan. E-Jurnal Manajemen, 7(11), 5930-5954.
  19. Rahmawati, R.A. (2018). The Effect of Compensation, Work Environment and Job Satisfaction on Employee Retention A Case Study: Banking Industry. https://dspace.uii.ac.id/bitstream/handle/123456789/9741/JURNAL%20PUBLIKASI.pdf.
  20. Rajathi, V.M.A. & 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), 382-385.
  21. Robbins, Stephen P., dan Judge, Timothy A. (2015). Perilaku Organisasi. Jakarta: Salemba Empat.
  22. Sugiyono. (2017). Metode Penelitian Manajemen. Bandung: Alfabeta.
  23. Tamara, N.H. (2019). Perubahan Peta Persaingan Bisnis Retail di Indonesia. https://katadata.co.id/nazmi/analisisdata/5f1279ce2f3bb/perubahan-peta-persaingan-bisnis-retail-di-indonesia, pada Rabu 21 April (2021).
  24. Wirawan. (2015). Manajemen Sumber Daya Manusia. Indonesia. Jakarta: PT Raja Grafindo Persada.
  25. Wirayudha, C. A., & Adnyani, I. G. A. D. (2020). Kompensasi dan Pengembangan Karir Berpengaruh terhadap Kepuasan Kerja dan Retensi Karyawan BPR Lestari. E-Jurnal Manajemen, 9(5), 1676-1695.
  26. Winoto Tj., H., Tecoalu, M., dan Wijaya, S. (2021). The Effect of Compensation and Supervisor Support Mediated by Job Satisfaction on Employee Retention (Case Study at PT Pradu). Primanomics (Jurnal Ekonomi dan Bisnis), 19 (1).