PENGARUH REWARD FINANCIAL DAN GAYA KEPEMIMPINAN TERHADAP KINERJA KEUANGAN DAN MOTIVASI SEBAGAI VARIABEL INTERVENING

Ika Sari

Abstract


Increasingly tight business competition has resulted in companies having to maintain the sustainability of their business. Financial Rewards is one of the ways to motivate to produce good financial performance. Financial performance shows the company's ability to generate income with resources owned by the company. The leadership style of a leader plays a major role in the formation of character and performance of company resources because employees will continue to adapt to the leadership style in the company until finally the employee can conquer it.The purpose of this study was to examine the effect of financial rewards and leadership styles on financial performance and motivation as intervening variables. This study tested the hypothesis by using the partial least square method. Sampling in this study using nonprobability (nonrandom selection) with convenience method resulting in 50 respondents. The results showed that the t-statistic value was 1.508 <1.96 (not significant), meaning financial compensation had no significant effect on motivation. The t-statistic value is 15,343> 1.96 (significant) this means that the leadership style has a significant effect on motivation. This t-statistic value of 2.209> 1.96 (significant) means that financial compensation has a significant effect on performance. The t-statistic value is 2.609> 1.96 (significant) this means that the leadership style has a significant effect on performance. The t-statistic value of 1.265 <1.96 (not significant) means that motivation has no significant effect on performance.



Keywords


Financial Rewards; Leadership Style; Motivation; Financial Performance.

References


Aktar, S., Sachu, M. K., & Ali, M. E., (2012). The Impact Of Rewards On Employee Performance In Commercial Banks Of Bangladesh: An Empirical Study. IOSR Journal of Business and Management, 6(2), 9-15.

Ayuningtyas, K., (2015). Pengaruh Reward Management Sistem Terhadap Kinerja Karyawan, Thesis, Universitas Mercubuana.

Cholifatul, D. C. F., (2012). Pengaruh Sumber Daya Manusia dan Operasional Perusahaan terhadap Kinerja Keuangan PT Pupuk Kaltim. Institut Pertanian Bogor.

Daft, R. L., & Marcic, D. (2016). Understanding Management. Nelson Education.

Dhermawan, A. A. N. B., Sudibya, I. G. A., & Utama, I. W. M. (2012). Pengaruh motivasi, lingkungan kerja, kompetensi, dan kompensasi terhadap kepuasan kerja dan kinerja pegawai di lingkungan kantor Dinas Pekerjaan Umum Provinsi Bali. Matrik: Jurnal Manajemen, Strategi Bisnis dan Kewirausahaan.

Ekanayake, S. (2004). Agency Theory, National Culture and Management Control Systems. Journal of American academy of business, 4(1/2), 49-54.

Ghozali, I., & Latan, H., (2015). Partial Least Squares, Konsep, Teknik dan Aplikasi Menggunakan Program Smartpls 3.0 untuk Penelitian Empiris. Semarang: Badan Penerbit UNDIP.

Güngör, P. (2011). The relationship between reward management system and employee performance with the mediating role of motivation: A quantitative study on global banks. Procedia-Social and Behavioral Sciences, 24, 1510-1520.

Handoko, T. H. (2012). Manajemen Personalia dan Sumber Daya Manusia (3rd ed.). Yogyakarta: BPFE.

Jensen, M. C., & Meckling, W. H. (1979). Theory Of The Firm: Managerial Behavior, Agency Costs, And Ownership Structure. In Economics Social Institutions, 163-231. Springer, Dordrecht.

Kasenda, R. (2013). Kompensasi dan motivasi pengaruhnya terhadap kinerja karyawan pada PT. Bangun Wenang Beverages Company Manado. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 1(3).

Kuvaas, B., & Dysvik, A. (2009). Perceived investment in employee development, intrinsic motivation and work performance. Human resource management journal, 19(3), 217-236.

Lubis, F. K. Pengaruh Motivasi kerja dan Gaya kepemimpinan Terhadap Kinerja Keuangan dengan Komitmen Organisasi sebagai Variabel Moderasi di Universitas Islam Sumatera Utara (Master's thesis).

Hasibuan, S. P. M., (2013), Manajemen Sumber Daya Manusia. Edisi Revisi. Jakarta: Penerbit PT. Bumi Aksara.

Mandy, W. R., & Noe, R. M., (2005). Human Resources Management. New Jersey: Pearson Education.

Markova, G., & Ford, C., (2011). Is money the panacea? Rewards for knowledge workers. International Journal of Productivity and Performance Management, 60(8), 813–823.

Rivai, V., et.al., (2014). Pemimpin dan Kepemimpinan dalam Organisasi. Jakarta: Rajawali Pers.

Sawir, A., (2015). Analisis Kinerja Keuangan dan Perencanaan Keuangan Perusahan. Jakarta: Gramedia Pustaka Utama.

Torrington & Hall. (2008). Human Resource Management (seventh ed). England: Financial Times Prentice Hall.




DOI: http://dx.doi.org/10.22441/profita.2019.v12.03.012

Refbacks

  • There are currently no refbacks.


Copyright (c) 2019 Profita : Komunikasi Ilmiah Akuntansi dan Perpajakan

Portal ISSNPrint ISSN: 2086-7662
Online ISSN: 2622-1950

Creative Commons License
The Profita: Komunikasi Ilmiah Akuntansi dan Perpajakan and its articles is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Tim Editorial Office
Profita: Komunikasi Ilmiah Akuntansi dan Perpajakan

Universitas Mercu Buana
Jl. Raya Meruya Selatan, Kembangan, Jakarta-11650
Telp.021-5840816 Ext. 5302, Fax. 021-5871312
Jakarta
Email. ([email protected]).
Website. (http://publikasi.mercubuana.ac.id/index.php/profita)