The Effect of financial compensation and career development on employee retention with non-physical work environments as moderating variables

Permatasari, Nopriella; Zona, Mega Asri

doi:10.24036/hrms.v1i2.14

Cited by 2 publications

(1 citation statement)

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“…Career development by providing the company with the opportunity to receive training and have a positive effect on staff retention (Permatasari & Zona, 2021). Despite the banking industry's problems in retaining talented staff, more attention must be paid to developing staffing strategies that have resulted in poor organizational performance and unsustainable growth.…”

Section: Career Developmentmentioning

confidence: 99%

The Factors Affecting Employee Retention

Sovannara,

Sovang,

Bunteng

2023

Srawung

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Employee retention is a key success factor for organizations worldwide. Human resource management issues include curriculum development, employee capacity building, and lifelong learning. This manuscript proposes a conceptual framework for defining the relationship among curriculum development, employee capacity building, lifelong learning, career development, career success, and employee retention in the ACLEDA banking sector. Thus, this manuscript aims to determine the possibility of enhancing employee retention for employees in the banking sector in the ACLEDA bank sectors through curriculum development, employee capacity building, lifelong learning, career development, and career success opportunities granted to them by the organization. From this point of view, the service organization’s ability to retain talented employees and the low turnover rate can cause great inconvenience to the organization. The purposive sampling technique applies to collect data for this study. The research design for the current study is quantitative, with 453 participants. Item-Objective Congruence and Cronbach’s Alpha were employed to validate the constructs. Then, Confirmatory Factor Analysis (CFA) was used to verify convenient and discriminant validity and goodness of fit indices. The Structural Equation Modeling (SEM) was carried out to test the relationship among variables. The results of this paper examine the relationship among curriculum development, employee capacity building, lifelong learning, career development, and career success as critical factors affecting employee retention in the banking sector in Cambodia. The results of SEM indicated that curriculum development, employee capacity building, lifelong learning, career development, and career success as critical factors regarding the organization’s ability to retain its employees.

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Section: Career Developmentmentioning

confidence: 99%

The Factors Affecting Employee Retention

Sovannara,

Sovang,

Bunteng

2023

Srawung

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The role of financial resources in SMEs' financial and environmental performance; the mediating role of green innovation

Khan¹,

Arif²,

Sahar³

et al. 2021

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<abstract> <p>The current study investigates the influence of financial resources on environmental and financial performance with the mediating role of green practices (innovation) in manufacturing firms of the emerging economy, Pakistan. The research model and its proposed hypothesis was using 294 manufacturing firms' samples, for fruitful insights, the hypothesis was tested through a structured equation model using Smart PLS 3. Our results exhibited a positive and significant impact of financial resources on financial performance but not on environmental performance. However, green innovation fully mediates the relationship between financial resources and financial performance, while partially mediate the relationship between financial resources and environmental performance. Considering our insight, we suggest to the government that financially support the SMEs sector because they have a lack of tangible and intangible resources due to small size, and to easily adapt the green practices.</p> </abstract>

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The Effect of financial compensation and career development on employee retention with non-physical work environments as moderating variables

Cited by 2 publications

References 0 publications

The Factors Affecting Employee Retention

The Factors Affecting Employee Retention

The role of financial resources in SMEs' financial and environmental performance; the mediating role of green innovation

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