THE EFFECT OF DIRECT AND INDIRECT COMPENSATION TO MOTIVATION AND LOYALTY OF THE EMPLOYEE

M. Abdi Dzil Ikhram W, Armanu Armanu, Sudjatno Sudjatno

Abstract


This study aimed to determine the effect of direct and indirect compensation to motivation and loyalty of the employee. Direct compensation based on indicators of salaries, incentives, and payment delays and indirect compensation is based on indicators of Time-Off Benefits, protection against danger, program benefits, and legal services then the motivation as a mediating variable. The Population in this study were 46 employees of the representative office of Bank Indonesia Kediri. This study used the saturated sample and the sample size in this study were 46 employees of a representative office of Bank Indonesia Kediri. Data analysis performed by linearity test and test hypotheses using path analysis. The results showed that the variable compensation is not directly significant effect on loyalty and motivation of the employee. The variable compensation also an indirectly significant effect on employee loyalty through employee motivation. Independent variables on loyalty and employee motivation are 77%, while the remaining 33% is influenced by other variables not examined in this study.


Keywords


loyalty, motivation, compensation, salaries, employee

Full Text:

PDF

References


Bank Indonesia. 2013. Babak baru dalam sejarah Bank Indonesia sebagai Bank Sentral yang independen. http://www.bi.go.id/id.In 15 March2015.

Dessler, Gary., 2006, Manajemen Sumber Daya Manusia, Edisi ke-10 Jilid 1 Indeks, Klaten.

Detik. 2014. Selain Gaji Pokok, Ini Tunjangan yang Didapatkan Pegawai BI. http://finance.detik. com. In 12 March 2015.

Flippo, Edwin, B. 2002. Personel Management (Manajemen Personalia),Edisi VII Jilid II, Terjemahan Alponso S. Jakarta: Erlangga.

Handoko, T. Hani. 2010. Manajemen Sumber Daya Manusia, Fakultas Ekonomika dan bisnis Universitas Gajah Mada, Yogyakarta.

Hasibuan, Malayu S.P. 2003, Manajemen Sumber Daya Manusia. Edisi revisi keenam. Bandung: Bumi Aksara Group.

Heshizer, Brian. 1994. The impact of flexible benefits plans on job satisfaction, organizational comitment, dan turn over intentions, Journal Management, Benefits Quaterly, Fourth Quarter.

K. Chiu Randy, Viuiene, Wai Mei Luk, Thomas Li-Ping Tang. 2002. Retaining and Motivating-Compensation preferences in Hongkong and China, Journal Personal Review, Vol. 31 No.4, 2002, PP. 402-431.

Kadarisman. 2012. Manajemen Kompensasi. Depok: PT Raja Grafindo Persada.

Kasper, Helmut, Juergen Muehlbacher, Georg kodydek and Liping Zang. 2012. Fringe benefits and loyalty on the Chinese labour market-a trend towards higher individual and performance orientation, Journal of Technology Management in China, Vol. 7 No. 2, pp. 164- 176.

Luthans, F. 1992. Organizational Behavior. Singapore: McGraw Hill.

Mondy, R., Wayne, Robert, M., Noe. 2002. Human Resource Management, Prentice Hall Upper Saddle River, NJ.

Muljani, Ninuk. 2002. Kompensasi sebagai Motivator untuk Meningkatkan Kinerja Karyawan, Jurnal Manajemen & Kewirausahaan, Vol.4, No.2, September 2002.

Poerwadarminta, W.J.S. 2002. Kamus Besar Bahasa Indonesia. Jakarta: Balai Pustaka.

Powers, Edward, L. 2000. Employee Loyalty in the New Millenium. S.A.M. Advanced Management Journal. Summer, Vol. 65 (3): 4-8.

Robbins, Stephen, P. 2006. Perilaku Organisasi. Edisi kesepuluh. Jakarta: PT Indeks Kelompok Gramedia.

Robbins, Stephen, P., dan Timothy A. Judge. 2008. Perilaku Organisasi Edisi ke-12. Jakarta: Salemba Empat.

Robbins.P.S.,2002,Prinsip-Prinsip Perlaku Organisasi. Edisi kelima. Jakarta: Penerbit Erlangga.

Saydam, Gouzali. 2000. Manajemen Sumber Daya Manusia (Human Resources Management): Suatu Pendekatan Mikro (Dalam Tanya Jawab). Jakarta: Djambatan.

Schuler, R.S., dan S.E. Jackson. 1999. Manajemen Sumber Daya Manusia: Menghadapi Abad Ke-21. Jilid 2. Jakarta: Erlangga.

Schuler, Randalls, and Jackson, E. Susan. 1997. Human Resource Management. NewYork: West Publishing Company.

Sekaran, Uma. 2006. Metodologi Penelitian untuk Bisnis, Edisi 4, Buku 1. Jakarta: Salemba Empat.

Sekaran, Uma. 2007. Research Methods For Business. Jakarta: Salemba Empat.

Sikula, Andrew, F. 1981. Personnel and Human Resources Management, By John Wiley and Sons Inc. New York: 4 Wiley Trans Edition.

Singarimbun, M., dan Effendi, S. 2006. Metode Penelitian Survai, Cetakan Kedelapan belas. Jakarta: Penerbit Pustaka LP3ES.

Solimun. 2002. Struktural EquationModeling, LISREL dan AMOS. Program Pascasarjana Universitas Brawijaya.

The Canadian Bar Association. 2012. In-House Counsel Compensation & Career Survey Report, The CounselNetwork, Canada.available online at http:// cba.org/cba/News/.

Wikipedia. 2015. Kota kediri. http://id.wikipedia.org/wiki/ Kota_Kediri. In12 March 2015.

Wiley, Carolyn., 1997, What motivates employees according to over 40 years of motivationsurveys, International Journal of Manpower, Vol. 18 No. 3, 1997, pp. 263-280.




DOI: http://dx.doi.org/10.18202/jam23026332.15.1.04

Refbacks

  • There are currently no refbacks.