Proceedings of the Twelfth International Conference on Entrepreneurship and Business Management 2023 (ICEBM 2023)

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The Importance of Job Satisfaction as A Mediator of Financial Compensation and Turnover Intention

Authors
I Komang Oka Permadi1, *, J. S. I Putu Wahyu Dwinata1, Ni Made Indah Mentari1, Ida Ayu Komang Tiara Pratistha Sari1
1Faculty of Economics and Business, Universitas Mahasaraswati Denpasar, Bali, Indonesia
*Corresponding author. Email: okapermadi@unmas.ac.id
Corresponding Author
I Komang Oka Permadi
Available Online 19 September 2024.
DOI
10.2991/978-94-6463-508-9_20How to use a DOI?
Keywords
Financial Compensation; Job Satisfaction; Turnover Intention
Abstract

In a competitive business arena, companies often face challenges in keeping qualified and potential employees with them. Many companies face situations where employees have the desire or intention to leave the company, one of the reasons is dissatisfaction with the financial compensation they receive. This study aims to re-investigate the relationship between financial compensation and turnover intention, considering job satisfaction as an intermediary factor. This study used a nonprobability sampling method with a census approach, with 58 respondents representing the entire population. To analyze the data, a Partial Least Squares (PLS) approach was used with the help of SmartPLS software. The results showed the following: 1) There is no significant influence between financial compensation and intention to leave the job, 2) Financial compensation has a positive impact on the level of job satisfaction, 3) Job satisfaction has a positive relationship with intention to leave the job, and 4) Job satisfaction acts as a mediator connecting the effect of financial compensation on intention to leave the job.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the Twelfth International Conference on Entrepreneurship and Business Management 2023 (ICEBM 2023)
Series
Atlantis Highlights in Economics, Business and Management
Publication Date
19 September 2024
ISBN
978-94-6463-508-9
ISSN
2667-1271
DOI
10.2991/978-94-6463-508-9_20How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - I Komang Oka Permadi
AU  - J. S. I Putu Wahyu Dwinata
AU  - Ni Made Indah Mentari
AU  - Ida Ayu Komang Tiara Pratistha Sari
PY  - 2024
DA  - 2024/09/19
TI  - The Importance of Job Satisfaction as A Mediator of Financial Compensation and Turnover Intention
BT  - Proceedings of the Twelfth International Conference on Entrepreneurship and Business Management 2023 (ICEBM 2023)
PB  - Atlantis Press
SP  - 240
EP  - 247
SN  - 2667-1271
UR  - https://doi.org/10.2991/978-94-6463-508-9_20
DO  - 10.2991/978-94-6463-508-9_20
ID  - Permadi2024
ER  -