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How Does Compensation Contribute to Students’ Internship Decision-Making Steps in the Digital Economy Era?

In: Proceedings of the 11th International Conference on Emerging Challenges: Smart Business and Digital Economy 2023 (ICECH 2023)

Author

Listed:
  • Karima Salsabila Ramadhina

    (Sekolah Tinggi Manajemen PPM)

  • Yunita Andi Kemalasari

    (Sekolah Tinggi Manajemen PPM)

Abstract

Research purpose: This study aims to identify the impact of financial and non-financial compensation towards decision making steps in internship and to identify the type of compensation that are considered most interesting among interns. Research motivation: Previous studies mostly show positive and significant impact on permanent employees. The study about compensation on intern still scarce. This study contributes to the theory and application of human resources management, by analyzing the impact on compensation towards decision making steps in internship and providing data of the most interesting compensation among interns. Research design, approach, and method: This quantitative research collected primary data source, by distributing online questionnaires. The number of respondents are determined using Slovin formula where the number of sample are obtained by dividing number of population to 1 + the number of population times level of confidence used in the research. The level of confidence in this research is 90%, the number is determined due to the limited amount of time and available resources at the time of research. Based on Slovin formula calculation, the amount of needed respondent are 100 samples. The respondents were intern from public and private universities in Jakarta that had and/or currently undergoing internship on 6th-8th semester in between year 2021-2023. The data is collected through online survey using Google Form in Likert scale measurement. Data analysis and hypothesis testing with help of SPSS (statistical product and service solution) version 26. Main findings: Financial compensation affected 28,2% on internship decision making steps. Meanwhile non-financial compensation affected 20,4%. The most interesting type of financial compensation are allowance, incentive, and flexible working time. While the most interesting non-financial compensation type are healthy work environment, learning opportunity, and feedback at work. Practical/managerial implications: Managers in organizations are expected to consider the most interesting compensation found in this study, to attract more qualified young talents who will contribute to the organization’s future development.

Suggested Citation

  • Karima Salsabila Ramadhina & Yunita Andi Kemalasari, 2023. "How Does Compensation Contribute to Students’ Internship Decision-Making Steps in the Digital Economy Era?," Advances in Economics, Business and Management Research, in: Nguyen Danh Nguyen & Pham Thi Thanh Hong (ed.), Proceedings of the 11th International Conference on Emerging Challenges: Smart Business and Digital Economy 2023 (ICECH 2023), pages 58-69, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-348-1_7
    DOI: 10.2991/978-94-6463-348-1_7
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