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All Journal Jurnal Akta EQIEN - JURNAL EKONOMI DAN BISNIS Jurnal Review Pendidikan dan Pengajaran (JRPP) Jurnal Manajemen Didaktik : Jurnal Ilmiah PGSD STKIP Subang Journal Economic and Strategy (JES) Jurnal Bisnis Mahasiswa International Journal of Advanced Multidisciplinary Journal of Artificial Intelligence and Digital Business Jurnal Pengabdian Pada Masyarakat METHABDI Equivalent : Journal of Economic, Accounting and Management Jurnal Social Society Jurnal Ilmiah Accusi Manajemen : Jurnal Ekonomi International Journal of Business and Quality Research Jurnal Ilmiah METHONOMI Jurnal Ilmu Manajemen METHONOMIX
Maludin Panjaitan
Universitas Methodist Indonesia
Religion Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Decision Sciences, Operations Research & Management Earth & Planetary Sciences Economics, Econometrics & Finance Education Electrical & Electronics Engineering Engineering Environmental Science Immunology & microbiology Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Medicine & Pharmacology Physics Public Health Social Sciences Other

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Human Resource Management Strategy in Supporting The Financial Stability of Medan City Msmes Sinurat, Siti Normi; Panjaitan, Maludin; Nadapdap, Kristanty M N; Sipayung, Saur Melianna
Jurnal Ilmiah Accusi Vol. 8 No. 1 (2026): Forthcoming issue
Publisher : Program Studi Akuntansi Universitas Simalungun

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36985/w4zq9285

Abstract

This study aims to analyze the effect of human resource management (HRM) strategies on the financial stability of micro, small, and medium enterprises (MSMEs) in Medan City. Using a quantitative approach with a survey method, data were collected from 215 MSMEs registered at the Cooperative and MSME Office of Medan City during the 2021–2024 period. HRM strategy was measured through a composite index encompassing recruitment and selection, training and development, compensation systems, and employee performance evaluation. Financial stability was measured using liquidity, profitability, solvency, and operating cash flow indicators. Data analysis employed Structural Equation Modeling–Partial Least Squares (SEM-PLS) and multiple regression. The results indicate that HRM strategies have a significant and positive effect on MSME financial stability (β = 0.347; p < 0.001). Training and development and fair compensation systems proved to be the most influential HRM strategies. Business scale significantly moderates the relationship between HRM strategy and financial stability. This study contributes by integrating the competency-based HRM perspective into the financial stability framework of MSMEs in the local economic context of Medan City, offering an adaptive HRM strategy model for micro and small business actors in urban areas.
Co-Authors Agnes Imelda Manurung Aldri Frinaldi Anggiat P. Tambunan Anggiat Parluhutan Tambunan angin, Sustriani Perangin- Anton Atno Parluhutan Sinaga Barus, Yossi Br Br. Saragih, Rintan Butar-Butar, Hotlan Butarbutar, Hotlan Efbertias Sitorus Elperida Juniarni Sinurat Endy Juli Anto Fachrial, Peppy Fauzi Jaya Sakti, Reza Fauzi, Tengku M. Ginting, Nenci Febrina Br Grace, Yosephine Gultom, Hana Riama Hasugian, Eduard Ricard Henri Saragih Henri Saragih, Henri Hotlan Butar-Butar Hotlan Butarbutar Hutabarat, Jansen Hutapea, Kenal P. Jamaludin, Maun Jansen Hutabarat Jeudi A. T. P. Sianturi Jon Henri Purba Jon Henri Purba, Jon Henri Jones Simatupang Junika Napitupulu Kristanty M N Nadapdap Laia, Nia Deshana Tari Lumbantoruan, Putri L. M Doddy Simanjuntak Mangasa Panjaitan Mangasa Panjaitan, Mangasa Marbun, Sondang N. B. Marbun, Sondang Ni Bulan Melianna, Saur Minar Siregar Mislan Sihite, Mislan Nababan, Manaor Bismar Posman Nadapdap, Kristanty M N Nadapdap, Kristanty M. N. Nettina Samosir Novita Surtana Rouli Sianipar Panataria, Lince Romauli Panggabean, Toman Panjaitan, Jonathan Panjaitan, Yosie Gabriela Pardede, Riris Olivia Pardosi, Yosef Heskyel Permana, Yosua Pinem, Erika Theresia Purba, Michael Jonly Purba, Rizky Febrian Pangihutan Rapika Natalia Tambunan Rasmulia Sembiring Riko Bahari Sembiring Rini Sinaga Rio Junjung Tambunan Riska Oktaviana Panjaitan Robinhot Gultom, Robinhot Romel Sitohang Rumahorbo, Benget Sahat P. Remus Silalahi Sahat Parulian Remus Silalahi, Sahat Parulian Remus Samuel Van Basten Halomoan Manurung SARAGIH, MEYLIN KRISTINA Saur Meliana Saur Melianna Sipayung, Saur Melianna Selamat Siregar Selamat Siregar Sembiring, Rasmuli Septi Kristina Silalahi Siahaan, Jekson Martiar Siallagan, Putri Yuni Sianturi, Jeudi A. T. P. Sianturi, Jeudi Agustina Taman Parulian Sihombing, Parsaoran Silalahi, Milion Bostom Silalahi, Remus Silalahi, Sahat P. Remus Silalahi, Veraci Simanjuntak, M Doddy Simanjuntak, Pantas Simatupang, Aditia Erick Cantona Sinaga, Anton A.P. Sinaga, Hizkia Sinaga, Kristin Sinurat, Siti Normi Sipahutar, Bangkit Johannes Yabes Sipayung, Melvin Harris Sirait, Kilian Sitepu, Afliani Kerin Br Siti Normi Siti Normi Siti Normi, Siti Sitorus, Des Rhema Natalia Sitorus, Ezekiel Berliantoro Sitorus, Nirwani Sri Devi Sitorus, Nisa Br Sitorus, Ragnar Oktavianus Situmorang, Santonius Rikki Sondang N. B. Marbun Sondang Ni Bulan Marbun Soniya, Soniya Tamado Sagala Tambunan, Erlina Ribka Tarigan, Briprona Tiur Rajagukguk Tiur Rajagukguk, Tiur Toman Panggabean Winarto Winarto Winarto Winarto Yuliani Betaria Sinaga