Compensation System Design and Analysis based on Job Values for Small and Medium Enterprise in Cullinary Cluster at Bogor City

Lindawati Kartika, Roni Jayawinangun, Sophie Adriaty

2019

Abstract

The objective of this research is to formulate Base Pay Compensation System for Small Medium Enterprise (SME) in culinary cluster at Bogor City based on Position and job Value in order to increase internal and external equity. The subjects of this study are 24 SME in cullinary cluster with 13 (thirteen) critical positions. Data collection used primary and secondary data using questionaire, observation, in depth interview and literature study. Every compensable factors defined by expert panel. Data processing and analysis on this study based on Hay system concept, point system and eckenrode methode to formulate the job grading and job value. The result of this research were ten compensable factors which affected the job value which are formal education, working experience, managerial skill, human relation skill, creativity, physical attempted, responsibility of supervising, risk of job, asset responsibility, and decision making. Formal education was the highest subfactor affecting the compensation paid to an employee by an employer. The average salary for the entry level starts from IDR 1.8 million and for top management level is up to IDR 5.9 millions.

Paper Citation

in Harvard Style

Kartika L., Jayawinangun R. and Adriaty S. (2019). Compensation System Design and Analysis based on Job Values for Small and Medium Enterprise in Cullinary Cluster at Bogor City. In Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA, ISBN 978-989-758-582-1, pages 598-610. DOI: 10.5220/0010523800002900

in Bibtex Style

@conference{miicema19,
author={Lindawati Kartika and Roni Jayawinangun and Sophie Adriaty},
title={Compensation System Design and Analysis based on Job Values for Small and Medium Enterprise in Cullinary Cluster at Bogor City},
booktitle={Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA,},
year={2019},
pages={598-610},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010523800002900},
isbn={978-989-758-582-1},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA,
TI - Compensation System Design and Analysis based on Job Values for Small and Medium Enterprise in Cullinary Cluster at Bogor City
SN - 978-989-758-582-1
AU - Kartika L.
AU - Jayawinangun R.
AU - Adriaty S.
PY - 2019
SP - 598
EP - 610
DO - 10.5220/0010523800002900