Branding: Jurnal Manajemen & Bisnis
Vol 3 No 2 (2024): BRANDING: Jurnal Manajemen dan Bisnis

ENHANCING WAGE DETERMINATION THROUGH THE IHSAN CONCEPT: STRATEGY TO SOCIAL JUSTICE AND ECONOMIC EQUITY

Syamsuri (Unknown)
Istiqomah, Inna Putri (Unknown)



Article Info

Publish Date
29 Dec 2024

Abstract

The determination of regional wage plays a crucial role in mitigating socioeconomic inequalities. However, existing policies often struggle to ensure justice and welfare for all workers. This research proposes the implementation of the concept of Ihsan as an alternative approach to wage determination, emphasizing fairness and individual welfare. Ihsan, which embodies the awareness of Allah’s presence through Muraqabah (self-awareness) and Munadzarah (observational accountability), encourages individuals to act with excellence and integrity in all aspects of life, including economic practices. Despite its potential, the application oh Ihsan in wage policies faces challenges, particularly in aligning the needs of workers with corporate economics demands. This study aims to analyze how the principles of Ihsan can be effectively integrated into wage-setting policies to create a more equitable system. By considering the perspectives of various stakeholders, including workers and business owners, this research seeks to provide a comprehensive understanding of how Ihsan can contribute to social justice and economic balance.

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Journal Info

Abbrev

branding

Publisher

Subject

Economics, Econometrics & Finance

Description

BRANDING: Jurnal Manajemen & Bisnis (issn: 2963-8852) is a peer-reviewed journal published two times a year (April and October) by Department of Management, Faculty of Economic and Islamic Business. This journal is intended to be the journal for publishing articles reporting the results of research ...