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The Impact of Financial and Non-Financial Compensation on Employee Motivation Case Study Panin Bank in Makassar City

Baharuddin, Ceskakusumadewi and Ramlah, Ramlah and Kurniasari, Alda (2021) The Impact of Financial and Non-Financial Compensation on Employee Motivation Case Study Panin Bank in Makassar City. In: The 3rd International Conference on Business and Banking Innovations, 6 & 7 March 2021, Surabaya.

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Abstract

Compensation has been tested and proven as one of the factors that connect employees to their organization. Furthermore, compensation leads to motivate employee for better performance. Therefore, the main purpose of this research is to find the impact of financial and non-financial compensation scheme on employee motivation. The population of this research was Panin Bank in Makassar city with 70 respondents used as sample. Data analysis technique used multiple linear regression analysis with SPSS ver 23 program. The result of this study indicate that variable financial compensation have a direct significant and positive effect on employee motivation. The same thing happen for non-financial compensation variable on employee motivation. Coefficient of determination for motivation variable equal to 78.8% which means this variable can be explained by two independent variable in this research. This research will contribute and provide a basis to understand the issues of employee compensation on their motivation for work in organizations. Hence, this research has valuable implications for both academicians and employers with an interest in considering and knowing how financial and non-financial compensations can influence the motivation level of employees within organization. Also, it is recommended to review the bank's recognition practice to increase the current motivation level of employees. Keywords: financial compensation, non-financial compensation, motivation

Item Type: Conference or Workshop Item (Paper)
Subjects: 300 - SOCIAL SCIENCE > 332.12 - BANKS & BANKING
Divisions: ICOBBI (International Conference of Business and Banking Innovations)
Depositing User: Perpustakaan Universitas Hayam Wuruk Perbanas Surabaya
Date Deposited: 20 Aug 2021 06:48
Last Modified: 20 Aug 2021 06:48
URI: http://eprints.perbanas.ac.id/id/eprint/3902

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