The Effect of Compensation
Read this study on the influence of compensation on job satisfaction in Indonesia. One thing that we need to remember is that different cultures may be satisfied by different job factors. Furthermore, we also need to consider that different types of jobs or working conditions may change the factors that affect job satisfaction. For example, a factory or a restaurant setting may give rise to different job satisfiers than a more professional office setting such as a bank.
Suggestion
Advice for PT. Bank XYZ (Persero) Tbk
Some suggestions that can be submitted to improve employee performance of PT. Bank XYZ (Persero) TBK are:
1. Management is always trying to increase the compensation of employees, both compensation in the form of financial and non-financial and can be delivered directly or indirectly. A good compensation system should be more attractive, competitive, fair and motivating. Compensation must be attractive to employees, able to compete with other companies, in accordance with the size of the responsibilities undertaken or the level of complexity of work and can stimulate employees to better achievement because there is a value of appropriate or higher rewards.
2. The need for management to have the policy to improve employee motivation, by accommodating the needs of employees to excel, have the authority and the need to affiliate, have the opportunity to grow and achieve career success, as well as awards for loyalty and performance.
3. Management in order to maintain or improve employee satisfaction, by providing challenging work, creating a conducive working environment by providing employees with up-to-date policies and procedures, adequate work equipment, a good job security system and the implementation of job liability on a tiered basis and measurable.
4. Management needs to have a good performance appraisal system and clear performance measures to ensure the achievement of company goals or objectives can be achieved. Performance appraisals must be specific, measurable, achievable/realistic and reliable and have a time limit. Performance measures are used to determine the high performance of a person by considering the quality, quantity, timeliness and effectiveness of the work.