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Journal : international journal of engineering science and information technology

Multi Agent Model Analysis in Identifying the Relationship Between Productivity Level, Production Cost and Product Selling Price Kushariyadi, Kushariyadi; Sihombing, Dina Agnesia; Husaini, Husaini; Turyadi, Ito; Zakaria, Muhammad
International Journal of Engineering, Science and Information Technology Vol 4, No 3 (2024)
Publisher : Malikussaleh University, Aceh, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52088/ijesty.v4i3.514

Abstract

This study aims to analyze the remuneration strategy and the dynamics of a highly competitive market that affect employee productivity and satisfaction. This research method uses a quantitative approach combined with comparative statistics. Companies often choose a per-piece pay strategy to encourage efficiency and productivity while managing labor costs. However, companies may shift to a profit-sharing system to increase employee engagement and loyalty. Differentiation of payment schemes, such as performance-based incentives, plays an important role in attracting and retaining talent and aligning strategies with business goals, which in turn helps manage labor costs and reduce competitive pressures. Productivity and price sensitivity of demand also influence company strategy in markets with high productivity and low demand sensitivity, companies tend to adopt more innovative strategies, while in markets with low productivity and high costs, they often implement more homogeneous and conservative strategies. Further studies are necessary to explore additional factors such as differences in recruitment strategies, industry characteristics, and other variables that influence company decisions in remuneration strategies and labor distribution. Understanding these findings enables companies to design more effective remuneration strategies based on market conditions and their workforce requirements.
Co-Authors Abd Aziz, Mohd Kasturi Nor Abdul Malik Rahman Kasim Abdurrahman Sadikin Allgis Ravanail Ansari Ansari Aprila Azzahra Arvan Putra Maulana S Arwin Arwin Asep Kurniawan Baehaqi Bagas Yuzha Prayoga Daffa Alrafi Hakim Dea Dora Rori M Dede Yusuf Maulana Deden Suherman, Usep Dela Nawa Aprilianti Dikky Bagja A.R Dyah Bayu Framesthi Dzulfiqar, Irfan Dzysmi Nurani Fatimah1 Edgina Salsyabila Anindya Ermi Triaji Eva Solina Gultom Fithri, Aliya Maulidya Fitria Wati Gunardi Hefri Yodiansyah Helmi Ali Husaini Husaini Hutahaean, Limbert Imas Sumiati . Indradewa, Rhian Isna Nurlatifah Iwan Ardiansyah Jariah, Hairun kesumah, priatna Kraugusteeliana Kraugusteeliana Kushariyadi Kushariyadi Kusumah, Raden Minda Lestari, Neni Sri M. Dimas Pradipta Maisa Nidalatifah Mesri Welhelmina Nisriani Manafe Misidawati, Dwi Novaria Muhamad Risal Tawil Muhammad Al Mighwar Muhammad Azis Pasha N Muhammad Rafi S Muhammad Rangga Wibiksana Muhammad Taufik Azhar Muhammad Zakaria Mulyati, Yuyun Nabila Priani Nadiya Restu Fauziyah Naffa Nafilatul I Naila Aqila Natasya Amanda Putri Kirani, Delia Rahmawati S. Busa Regi Anggara Risna Haryati Rival Maulan Rizky Zakaria Sakinah, R. Myrna N Shofwani, Siti Aniqoh Sihombing, Dina Agnesia Silvi Adriyani W Silvi Andriyani Wardani Siti Zahrotul M Susi Sulistia Veranita, Mira Via Sumelda WAHYUDI Wahyudi Wahyudi Wahyudi Wahyudi Wanda Alicia Andin Wildan Fauzi Wirahadi, Umar Wulansari Wulansari Yundha Destianty Yusril Nawawi Yustiar Ma'ani YUSUF, RAMAYANI Zahra Nursyafa Zeni Amalia Zulkifli Zulkifli