Remunerasi, Financial Efficacy dan Financial Well-Being
Abstract
This study aims to examine and analyze the effect of remuneration and financial efficacy on financial well-being. The study used a quantitative approach and data was obtained by distributing questionnaires. Research respondents are administrative employees of state universities in Malang City. The questionnaires that were returned and declared eligible to be used as research data were 146 respondents, and then analyzed using SEM-PLS. The results showed that remuneration and financial efficacy had a positive effect on financial well-being. Financial efficacy has also succeeded in mediating the relationship between remuneration and financial well-being, although the value is relatively small. Remuneration as a form of compensation has been shown to increase financial well-being and financial efficacy contributes to strengthening this relationship.
Keywords: Remuneration; Financial Efficacy; Financial Well-Being.
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References
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Permana, I., & Bharoto, H. (2021). Remuneration to improve employee performance at waled regionalhospital, Cirebon regency. Research in Business & Social Science, 163-169.
Qamar, M., Khemta, M., & Jamil, H. (2016). How Knowledge and Financial Self Efficacy Moderate the Relationship between Money Attitudes and Personal Financial Management Behavior. European Online Journal of Natural and Social Sciences, 296-308.
Renaldo, N., Sudarno, & Hutahuruk, M. (2020). The Improvement of Generatio Z Financial Well-Being in Pekanbaru. JMK, 142-151.
Rothwell, D., Khan, M., & Cherney, K. (2016). Building Financial Knowledge Is Not Enough: Financial Self Efficacy as a Mediator in the Financial Capability of Low-Income Families. Journal of Community Practice, 368-388.
Ruiz, H., Salazar, M., & Pozo, E. (2017). Benefit flexibility and benefit satisfaction: does employee’s personality matter? Personnel Review, 2-16.
Saadah, N. (2020). The effect of financial literacy and financial efficacy on individual financial management. Journal of Islamic Economics, Management, and Business, 79-94.
Sabri, M. F., Wijekoon, R., & Rahim, H. (2020). The influence of money attitude, financial practices, self efficacy and emotion coping on emplyees' financial well-being. Management Science Letters, 889-900.
Sabri, M., & Zakaria, N. (2015). The influence of financial literacy, money attitude, financial strain and financial capability on young employees’ financial well-being. Pertanika Journal of Social Sciences and Humanities, 827-848.
Stamolampros, P., Korfiatis, P., Chalvatzis, K., & Buhalis, D. (2019). Job Satisfaction and Employee Turnover Determinants in High Contact Services: Insights from Employees’ Online Reviews. Tourism Management, 130-147.
Strenitzerová, M., & Achimský, K. (2019). Employee Satisfaction and Loyalty as a Part of Sustainable Human Resource Management in Postal Sector. Sustainability , 1-30.
Supandi, E. D., & Mutmainatus, S. (2020). Pengaruh Remunerasi dan Motivasi Terhadap Kinerja Pegawai UIN Sunan Kalijaga Yogyakarta dengan Menggunakan Structural Equation Modelling. Prisma: Prosiding Seminar Nasional Matematika, 84-94.
Tian, H., Fonjong, B., Kongkuah, M., & Barfi, R. (2021). Impacts of Job Stress and Overall Compensation Benefits on Employees’ Job Satisfaction with Moderation Effect of Leadership: An Empirical Study in the Telecommunication Industry of Cameroon. Open Journal of Business and Management, 44-73.
Vosloo, W. (2014). The relationship between financial efficacy, satisfaction with remuneration and personal financial well-being. International Business & Economics Research Journal, 1455-1470.
Woodyard, A., & Robb, C. (2012). Financial Knowledge and the Gender Gap. Journal of Financial Therapy, 1-16.
Agustiningsih, H. N., Thoyib, A., Djumilah, H., & Noermijati. (2016). The effect of remuneration, job satisfaction and OCB on the employee performance . Science Journal of Business and Management, 212-222.
Anderson, E., & Rust, R. (2013). Customer Motivation and Remuneration: Differences between goods and services. Marketing Sciences, 129-145.
Anggraini, D., Muchtar, B., & Masdupi, E. (2018). Effect of Remuneration, Work Motivation and Organizational COmmitment to Job Performance. 2nd Padang International Conference on Education, Economics, Business and Accounting (hal. 691-699). Padang, Indonesia: Atlantis Press.
Bernsten, C., & Karolina, A. (2010). A comparative analysis of remuneration models for pharmaceutical professional service. Jurnal Health Policy, 1-9.
Brandon, D. P., & Smith, C. (2009). Prospective Teachers’ Financial Knowledge and Teaching Self-Efficacy. Journal of Family Consumer Sciences Education, 14-28.
Cahyanugroho, A., Hubeis, M., & Wijayanto, H. (2016). The Effect of Remunerasi on Motivation That Implicates Employee's Performance in XYZ Company. Indonesian Journal of Business and Entrepreneurship, 112-121.
Camilla, S., Lind, T., Skagerlund, K., Vastfjall, D., & Tinghog, G. (2017). Does self-control predict financial behavior and financial well-being? . Journal of Behavioural and Experimental Finance, 30-38.
Chavali, K., Mohan Raj, P., & Ahmed, R. (2021). Does Financial Behavior Influence Financial Well-being? Journal of Asian Finance, Economics and Business , 0273-0280.
Chong, K. F., Sabri, M., Magli, A., & Abd Rahim, H. (2021). The Effects of Financial Literacy, Self-Efficacy and Self-Coping on Financial Behavior of Emerging Adults*. Journal of Asian Finance, Economics and Business, 0905-0915.
Dewi, N. M. (2019). Analisis Pelatihan, OCB, Remunerasi dengan Kepuasan Kerja sebagai Variabel Intervening terhadap Kinerja KAryawan. Jurnal Equilibria, 1-9.
Elfahmi, R., Solikin, I., & Nugraha. (2020). Model of Student Investment Intention Financial Knowledge as a Predictor that Moderated by Financial Self-Efficacy and Perceived Risk. Dinasti International Journal of Economics, Finance & Accounting, 165-175.
Faique, F., Ismail, S., M.H., B., N.H., I., Daud, Z., & Taib, N. (2017). Testing the financial attitude as a mediator for the relationship between financialself-efficacy with financial behavior. Advanced Science Letters, 8009-8012.
Ghozali, I., & Latan, H. (2015). Konsep, Teknik, Aplikasi Menggunakan Smart PLS 3.0 Untuk Penelitian Empiris. Semarang: Balai Penerbit Universitas Diponegoro.
Giovanis, E. (2019). Do the flexible employment arrangements increase job satisfaction and employee loyalty? Evidence from Bayesian networks and instrumental variables. Int. J. Comput. Econ. Econom, 84-115.
Gustika, R. (2013). Pemberian Remunerasi Terhadap Kinerja Anggota Polri Polres Pasaman, Studi Kasus Anggota Polri yang Berpangkat Bripda-Bripka. E-Jurnal Apresiasi Ekonomi, 22-31.
Herawati, N. T., Candiasa, I., Yadnyana, I., & Suharsono, N. (2018). Factors that influence financial behavior among accounting students in Bali. International Journal of Business Administration, 30-38.
Hussein, A. S. (2015). Penelitian Bisnis dan Manajemen Menggunakan Partial Least
Islam, H., & Purnamasari, F. (2019). Remuneration Of Employee Performance (Work Satisfaction and Motivation as a Variable of Mediation) . International Conference on Interactive Digital Storytelling (hal. 1-14). Bandar Lampung, Indonesia: EAI.
Lapp, W. M. (2010). Behavior models for prosperity: A statistical assessment of savings and behavioral change. USA: Earned Assets Resource Network.
Mahmud, A., Hidayah, R., & Widhiastuti, R. (2018). Remuneration, Motivation, and Performance: Employee Perspectives. KnE Social Sciences.
Martono, S., Khoiruddin, M., & Wulansari, N. (2018). Remuneration reward management system as a driven factor of employee performance. International Journal of Business and Society, 535-545.
Mukhti, I., & Fachruddin, R. (2016). Pengaruh Remunerasi terhadap Motivasi dalam Pelayanan Publik (Studi pada Kantor Kejaksaan Tinggi Aceh) . Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi , 306-317.
Nahar, S., & Zayed, N. (2019). An Analysis of the Impact of Remuneration on Employee Motivation: A Case Study on Unilever, Bangladesh. International Journal of Family Business and Management , 1-5.
Netemeyer, R. G., Warmath, D., Fernandes, D., & Lynch JR., J. (2017). How Am I Doing? Perceived Financial Well-Being, Its Potential Antecedents, and Its Relation to Overall Well-Being. Journal of Consumer Research, 68-89.
Peprah, M. J., Agyei, A., & Adjei, L. (2017). Effect of Compensation on Basic School Teachers’ Job Satisfaction in the Northern Zone: The Case of Ghana. Global Journal of Management and Business Research, 51-59.
Permana, I., & Bharoto, H. (2021). Remuneration to improve employee performance at waled regionalhospital, Cirebon regency. Research in Business & Social Science, 163-169.
Qamar, M., Khemta, M., & Jamil, H. (2016). How Knowledge and Financial Self Efficacy Moderate the Relationship between Money Attitudes and Personal Financial Management Behavior. European Online Journal of Natural and Social Sciences, 296-308.
Renaldo, N., Sudarno, & Hutahuruk, M. (2020). The Improvement of Generatio Z Financial Well-Being in Pekanbaru. JMK, 142-151.
Rothwell, D., Khan, M., & Cherney, K. (2016). Building Financial Knowledge Is Not Enough: Financial Self Efficacy as a Mediator in the Financial Capability of Low-Income Families. Journal of Community Practice, 368-388.
Ruiz, H., Salazar, M., & Pozo, E. (2017). Benefit flexibility and benefit satisfaction: does employee’s personality matter? Personnel Review, 2-16.
Saadah, N. (2020). The effect of financial literacy and financial efficacy on individual financial management. Journal of Islamic Economics, Management, and Business, 79-94.
Sabri, M. F., Wijekoon, R., & Rahim, H. (2020). The influence of money attitude, financial practices, self efficacy and emotion coping on emplyees' financial well-being. Management Science Letters, 889-900.
Sabri, M., & Zakaria, N. (2015). The influence of financial literacy, money attitude, financial strain and financial capability on young employees’ financial well-being. Pertanika Journal of Social Sciences and Humanities, 827-848.
Stamolampros, P., Korfiatis, P., Chalvatzis, K., & Buhalis, D. (2019). Job Satisfaction and Employee Turnover Determinants in High Contact Services: Insights from Employees’ Online Reviews. Tourism Management, 130-147.
Strenitzerová, M., & Achimský, K. (2019). Employee Satisfaction and Loyalty as a Part of Sustainable Human Resource Management in Postal Sector. Sustainability , 1-30.
Supandi, E. D., & Mutmainatus, S. (2020). Pengaruh Remunerasi dan Motivasi Terhadap Kinerja Pegawai UIN Sunan Kalijaga Yogyakarta dengan Menggunakan Structural Equation Modelling. Prisma: Prosiding Seminar Nasional Matematika, 84-94.
Tian, H., Fonjong, B., Kongkuah, M., & Barfi, R. (2021). Impacts of Job Stress and Overall Compensation Benefits on Employees’ Job Satisfaction with Moderation Effect of Leadership: An Empirical Study in the Telecommunication Industry of Cameroon. Open Journal of Business and Management, 44-73.
Vosloo, W. (2014). The relationship between financial efficacy, satisfaction with remuneration and personal financial well-being. International Business & Economics Research Journal, 1455-1470.
Woodyard, A., & Robb, C. (2012). Financial Knowledge and the Gender Gap. Journal of Financial Therapy, 1-16.
Published
2022-02-26
How to Cite
AINI, Nur; HADIYATI, Ernani; MUAWANAH, Umi.
Remunerasi, Financial Efficacy dan Financial Well-Being.
E-Jurnal Akuntansi, [S.l.], v. 32, n. 2, p. 411-422, feb. 2022.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/83272>. Date accessed: 19 nov. 2024.
doi: https://doi.org/10.24843/EJA.2022.v32.i02.p09.
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