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

DOI

10.2991/978-94-6463-348-1_7How to use a DOI?

Keywords

compensation; decision making steps; internship

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.

Copyright

© 2023 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.

Download article (PDF)

TY  - CONF
AU  - Karima Salsabila Ramadhina
AU  - Yunita Andi Kemalasari
PY  - 2024
DA  - 2024/02/05
TI  - How Does Compensation Contribute to Students’ Internship Decision-Making Steps in the Digital Economy Era?
BT  - Proceedings of the 11th International Conference on Emerging Challenges: Smart Business and Digital Economy 2023 (ICECH 2023)
PB  - Atlantis Press
SP  - 58
EP  - 69
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-348-1_7
DO  - 10.2991/978-94-6463-348-1_7
ID  - Ramadhina2024
ER  -