Proceeding of the International Conference on Family Business and Entrepreneurship (ICFBF)
2022: Proceeding of the 5th International Conference on Family Business and Entrepreneurship

The millennial employees in Central Jakarta: How do they commit to the company?

Erny Hutabarat (President University)
Aziza Hasna (President University)



Article Info

Publish Date
22 Feb 2022

Abstract

Generation Y, also known as Millennials, is a strong dominant in the workforce and becomes one of the key holders in the industry's success and economy. Unfortunately, the highest turnover rate is coming from this generation with their behavior of working short tenure and how fast they are changing jobs worries many organizations as this ceases the organization’s growth, productivity, and performance. This research aimed to determine the relationship between career development, compensation, and work environment on millennials' turnover intention. Quantitative method is conducted and surveyed with 172 Central Jakarta's millennial employees who had worked at least 1 year. Partial Least Square PLS-SEM, SPSS, and pre-survey interview analysis were used to analyze the data. The result showed that career development and compensation have a significant negative influence on turnover intention. However, work environment has not significant influence on millennials employees’ turnover intention in Central Jakarta.

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Journal Info

Abbrev

ICFBE

Publisher

Subject

Economics, Econometrics & Finance

Description

International Conference on Family Business & Entrepreneurship (ICFBE) is a scientific international conference driven by the livelong aspiration of President University as a center of excellence, especially in the field of family business and entrepreneurship. The conference is organized by the ...