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All Journal International Journal of Multidisciplinary: Applied Business and Education Research
Siman, Bennegreg P.
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Civil Engineering, Building, Construction & Architecture Computer Science & IT Economics, Econometrics & Finance Environmental Science Medicine & Pharmacology

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A Meta-analysis of the Profit-Sharing Practices among Engineering, Construction, and Related Firms: Strategy to Increase Company Revenue Siman, Bennegreg P.
International Journal of Multidisciplinary: Applied Business and Education Research Vol. 5 No. 9 (2024): International Journal of Multidisciplinary: Applied Business and Education Rese
Publisher : Future Science / FSH-PH Publications

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.11594/ijmaber.05.09.12

Abstract

This paper explores the impact of profit sharing on employee motivation, productivity, and company performance in the engineering and construction industry. Through a meta-analysis of recent studies, it identifies key factors that influence the effectiveness of profit-sharing programs. The findings reveal that profit sharing significantly boosts employee motivation and productivity, with increases of 15% and 12% respectively. Moreover, job satisfaction rates are 20% higher among employees participating in profit-sharing programs. However, there is a notable preference split, with 60% of employees favoring profit sharing for its potential higher earnings, while 40% prefer fixed salary increases for stability. The research further indicates that frequent and actively managed profit-sharing distributions, such as quarterly payouts, lead to better financial performance, with a 10% increase in overall performance and a 5% improvement in profitability. Project-based profit sharing in the construction sector is particularly effective, resulting in a 25% increase in project completion rates and a 15% reduction in project costs. Additionally, profit sharing is more effective in unionized organizations, with an 18% increase in effectiveness, and mandatory profit-sharing frameworks enhance worker satisfaction and productivity. Based on these findings, the paper recommends developing tailored profit-sharing strategies that cater to different employee preferences, implementing frequent and active management of profit-sharing distributions, adopting project-based profit sharing in project-centric industries, engaging with unions for fair terms, advocating for supportive regulatory frameworks, and continuously monitoring and evaluating the effectiveness of these programs. By adopting these strategies, engineering and construction firms can enhance employee motivation, improve productivity, and achieve better financial performance, driving organizational success.
A Meta-Analysis of Salary Benchmarking of Engineers, BIM Modelers, and BIM Managers in the Philippines Siman, Bennegreg P.
International Journal of Multidisciplinary: Applied Business and Education Research Vol. 5 No. 11 (2024): International Journal of Multidisciplinary: Applied Business and Education Res
Publisher : Future Science / FSH-PH Publications

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.11594/ijmaber.05.11.06

Abstract

This study provides a detailed meta-analysis of salaries for engineers, BIM modelers, and BIM managers in the Philippines, emphasizing how geographical location, experience level, industry sector, qualifications, and market trends influence compensation. The analysis incorporates data from a variety of sources, including academic publications, industry reports, and government statistics, to provide a detailed understanding of salary variations within different professions. Findings show significant salary differences based on their geographical location. Professionals in Metro Manila have considerably larger wages than those in provincial re-gions. Experience level is also important when it comes to salary increas-es which can be observed when professionals advance from entry-level to senior roles. Salary levels are also influenced by the industry, with tech-nology, building, and infrastructure development sectors offering highest compensation. Additional qualifications and certificates enhance salary opportunities, reflecting the value of particular skills and expertise. The purpose of this study is to write a meta-analysis of salary benchmarks for BIM modelers, engineers, and BIM managers in the Philippines emphasiz-ing how factors such as geographical location, experience level, industry sector, qualifications, and market trends influence compensation. The analysis includes seven studies that were published between 2019 and 2024 to capture recent salary patterns in these professions. The study shows the importance of understanding these important variables in de-veloping successful compensation methods, optimizing talent acquisition, and promoting retention in the engineering and construction sectors in the Philippines. The insights provided are expected to allow stakeholders to make informed decisions to build a competitive and thriving workforce in these critical industries.
An Analysis of the Definition of Smart City and its Critical Role in Future-Proofing Projects and Estate Development for the Philippine Construction Industry Siman, Bennegreg P.
International Journal of Multidisciplinary: Applied Business and Education Research Vol. 6 No. 1 (2025): International Journal of Multidisciplinary: Applied Business and Education Rese
Publisher : Future Science / FSH-PH Publications

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.11594/ijmaber.06.01.04

Abstract

Since the concept of smart city came into existence about a decade ago, it certainly has taken a different meaning from basic infra-structure management to integrating advanced technologies in the form of 5G, IoT, and AI. This paper investigates how the definition of smart cities is evolving, its relevance to the Philippine construc-tion industry, estate development, and how it navigates through the challenges and opportunities of integrating it into the society. The research utilized a meta-analysis research design of peer-reviewed journals, government reports, and other articles pub-lished from year 2000 to 2024. The result of the study showed that building or integrating a smart city is beneficial for a country expe-riencing rapid economic development. Nonetheless, the Philip-pines, even if it is considered as one of the fastest-urbanizing countries with visionary and competent infrastructure developers among the countries in Southeast Asia, the nation still faces signif-icant challenges such as outdated land planning, government frag-mentation, and inefficient resource management. The strategic and sufficient education about what a smart city is would lead to a high probability that concerned industries and institutions will find ways to integrate smart city principles in their school com-munities, which will help contribute to training and producing citi-zens who advocate for a country with smart city systems and technologies. This study emphasized the necessity of designing high quality educational initiatives, policy developments, and facil-itating public-private collaborations where it would promote sus-tainable urban development and eventual national growth in the Philippine’s construction industry.
Understanding Financial Resiliency: A Qualitative Inquiry into the Experiences and Strategies of The Employees in an Engineering and Consultancy Firm Siman, Bennegreg P.; Orencia, Abrian Joy B.
International Journal of Multidisciplinary: Applied Business and Education Research Vol. 4 No. 7 (2023): International Journal of Multidisciplinary: Applied Business and Education Rese
Publisher : Future Science / FSH-PH Publications

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.11594/ijmaber.04.07.21

Abstract

The purpose of this qualitative case study was to conduct an in-depth analysis of the potential of Forex Trading and investing in developing financial resiliency among the employees of an Engineering and Consultancy Firm in the Philippines. This is a qualitative single case study of 10 employees of the company that were interviewed regarding the potential of investing in forex trading as a means to attain financial resiliency. Qualitative data for this study were gathered through one-session, semi-structured interviews, focus group discussions, documents, journaling, and observations. Thematic analysis following Braun and Clarke’s method for analysing qualitative data was used in understanding the qualitative data. Results have shown that participants have identified several challenges that seem to slow them down in earning money for them to obtain their aspiration of becoming financially resilient. It was also shown that participants thought that venturing in new business, stock market and forex investments, and sideline jobs were the most frequent responses recorded that may serve as solutions to the challenges. It is important to note that most of the participants were affirmative upon being asked if they would try foreign exchange investments as a potential means of achieving financial resiliency. Among others, the most significant manner of addressing financial challenges lamented by the participants was having a well-conditioned mind so that a well-planned long-term goal will be established. It is recommended to explore more related literature that tackles financial education in the Philippines and note the statistical number of those who are financially literate as this could be a contributing factor why the participants of this study lack concrete saving plans. Moreover, further exploration on the trend of foreign exchange investment is also suggested including the use of digital platforms for information dissemination regarding finance.
Co-Authors Orencia, Abrian Joy B.