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Contact Name
Aslan
Contact Email
aslanalbanjary066@gmail.com
Phone
+6285245268806
Journal Mail Official
aslanalbanjary066@gmail.com
Editorial Address
Jalan. H. Muckhsin Dusun Tanjung Mentawa, Tanjung Mekar Sambas Village, West Kalimantan, Indonesia
Location
Kab. sambas,
Kalimantan barat
INDONESIA
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Published by CV. Adiba Aisha Amira
ISSN : -     EISSN : 30633648     DOI : Zenodo
Core Subject : Economy,
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE) is a scientific journal that publishes articles in the field of Business and finance that contain conceptual ideas in the fields of Economics, Accounting, Management, Business and finance. The scope is Human Resource Management, Marketing Management, Financial Management, Production/Operational Management, Strategic Management, Islamic Business Management, Halal Industry Management, Hajj and Umrah Management, Zakat and Waqf Management / Islamic Philanthropy, Tourism Management, Banking Management, Industrial Management, Agribusiness Management, Business Administration and financial management within the scope of organisations both banking, hospitality, and others.
Articles 444 Documents
THE IMPACT OF MINIMUM WAGE POLICY ON HUMAN CAPITAL MANAGEMENT AND ECONOMIC PERFORMANCE Adrie Charviandi; Mohammad Ahmad Bani Amer
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 3 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Publisher : CV. Adiba Aisha Amira

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Abstract

This study examines the impact of minimum wage policies on human resource management (HRM) and economic performance. By using the literature analysis method. The results show that the minimum wage policy encourages companies to optimise the use of labour, increase productivity, and invest in employee skills development. However, its impact on economic performance is complex, with the potential for increased consumer purchasing power accompanied by the risk of inflation and reduced employment. The study concludes that effective minimum wage policy implementation requires a balanced and adaptive approach, taking into account local economic conditions and diverse industry needs.
EMPLOYEE RETENTION STRATEGIES IN THE FACE OF ECONOMIC FLUCTUATIONS Yusnaini; Mauli Siagian; Iyad Abdallah Al- Shreifeen
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 3 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Retaining your best employees when the economy is unstable is not easy. Companies need special strategies to make their employees feel at home and productive. The study in this research uses the literature method. The results show that employee retention strategies include adjusting salaries and benefits, providing opportunities for employees to grow, improving employee welfare and creating a comfortable working atmosphere. These strategies not only make employees more loyal, but also help companies survive economic problems. In the end, companies that care about their employees will be stronger in the face of fierce business competition. In essence, taking good care of your employees is an important investment in your company's future.
LABOUR DIVERSITY MANAGEMENT: THE KEY TO INNOVATION AND ECONOMIC GROWTH Ignatius Septo Pramesworo; Hadenan Towpek
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 3 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Workforce diversity management has become a crucial factor in enhancing innovation and driving economic growth in the era of globalisation. The research method in this study uses the literature method. The results show that effective implementation of diversity management practices not only improves organisational performance, but also contributes significantly to wider economic growth. The research underscores the importance of organisational commitment, inclusive policy development, and diversity awareness training in maximising the potential of a diverse workforce. In conclusion, workforce diversity management is an important strategy that organisations need to adopt to improve competitiveness, drive innovation, and ultimately contribute to sustainable economic growth.
EFFECTIVE STRATEGIES IN HUMAN RESOURCE MANAGEMENT Loso Judijanto; Benediktus Rolando
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 3 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Effective human resource management is the key to building and maintaining an organisation's competitive advantage. The research method used is literature. The results show that the integration of these strategies not only strengthens internal operations, but also improves employee well-being and organisational innovation. This research recommends the implementation of a holistic approach to HR management as an essential step for success in a dynamic and competitive business ecosystem.
APPROACHES TO PERFORMANCE MANAGEMENT IN MODERN ORGANISATIONS Loso Judijanto; Benediktus Rolando; Al-Amin
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 3 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Abstract

Performance management in the context of modern organisations requires an approach that adapts to the fast-changing business environment and evolving employee expectations. Recent approaches emphasise the importance of continuous dialogue, the use of technology for proper analysis of performance data, and the building of a supportive work environment to optimise employee potential. By integrating communicative techniques, data analytics, and appropriate individual development strategies, performance management becomes more than just an evaluation; it becomes a catalyst for individual and organisational growth. This modern approach not only improves overall performance but also promotes continuous adaptation and innovation, paving the way for the achievement of strategic goals and business continuity in a dynamic environment. This represents a shift from the traditional paradigm towards a more holistic practice, where performance management is seen as central to organisational development and employee satisfaction.
A SYSTEMATIC REVIEW OF FINANCIAL MANAGEMENT PRACTICES IN DEVELOPING COUNTRIES: TRENDS, CHALLENGES AND FUTURE DIRECTIONS Teguh Prakoso; Rina Apriliani
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 3 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Trends, Challenges, and Future Directions is a comprehensive and structured study that analyses, evaluates, and synthesises current information on financial management practices in developing countries. The research method used is literature. The results show that there is an increasing adoption of financial technology, the importance of financial inclusion, and the need for adaptive regulation. Significant challenges include infrastructure limitations, digital divide, and macroeconomic instability. The research also explores future directions, including the potential of blockchain, artificial intelligence in risk management, and the development of sustainable finance models. In conclusion, despite facing various obstacles, financial management practices in developing countries show dynamic development with significant opportunities for innovation. The implications of these findings are relevant for policymakers, industry practitioners, and researchers in optimising financial management strategies in emerging contexts.
THE EFFECTIVENESS OF MONETARY POLICY IN DEALING WITH ECONOMIC CRISIS: A LITERATURE REVIEW H. Mohdari; Selvanus; Ec. Lydia Goenadhi
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 3 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Economic crises force policymakers to employ various monetary policy instruments in order to lessen the effects. In this research paper, literature research method is utilized. Results demonstrate how monetary policy (in the form of interest rate cuts, quantitative easing and open market operations) has been utilized to increase liquidity in markets, stabilize the financial system and support economic growth even during periods of recession. Monetary policy success relies upon its swift implementation, relevant measures, and economic conditions prevailing at that moment. While non- traditional monetary policies adopted during the economic crisis have had positive results, they also come with risks and side effects including potential long-term inflation and asset bubble formation. Therefore, conclusions draw indicate the need for closer coordination between monetary and fiscal policies as well as adaption of a sustainable approach for meeting future challenges to economic health.
THE RELATIONSHIP BETWEEN MINIMUM WAGE POLICY, HUMAN CAPITAL INVESTMENT, AND ECONOMIC GROWTH Gunawan Widjaja
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 3 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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Abstract

The relationship between minimum wage policy, human capital investment, and economic growth refers to the complex interaction between three key elements in economic development. Minimum wage policy is a government regulation that sets the lowest limit of wages to be paid to workers. Human capital investment involves efforts to improve the quality and capacity of the workforce through education, training and skills development. Meanwhile, economic growth refers to the increase in the production capacity of goods and services in an economy over time. This relationship illustrates how the right wage policy and investment in human capital can work together to boost productivity, innovation, and ultimately sustainable economic growth. The research method uses a literature review. The results show that an appropriate minimum wage policy can improve workers' living standards and encourage consumption, but needs to be implemented carefully to avoid negative impacts on employment. Investments in human capital through education and training are proven to increase productivity and innovation, which in turn boost economic growth. The study concludes that a balanced and integrated approach in managing minimum wage policy and human capital investment is essential to achieve sustainable and inclusive economic growth.
THE ROLE OF LABOUR DIVERSITY IN DRIVING INNOVATION AND ACCELERATING ECONOMIC GROWTH Hotmaria Hertawaty Sijabat
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 3 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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The role of workforce diversity in driving innovation and accelerating economic growth refers to the positive contribution that a diverse work environment makes to creativity, the development of new ideas, and increased productivity within an organisation or the economy as a whole. Workforce diversity includes variations in aspects such as age, gender, ethnic background, education, experience, and perspective. When these different viewpoints and expertise are combined, they create a dynamic that encourages innovative thinking, more effective problem-solving, and the development of more relevant products or services for diverse markets. The innovation that results from this workforce diversity then acts as a catalyst for economic growth. The new products and services developed can open up new markets, increase the competitiveness of companies, and drive job creation. In addition, operational efficiencies improved through innovative approaches can lead to higher productivity and better use of resources. On a broader scale, economies that make effective use of the diversity of their workforce tend to be more resilient, adaptive and able to respond more quickly to global market changes, which in turn accelerates overall economic growth.
A COMPREHENSIVE ANALYSIS OF SOCIAL ECONOMIC LAW: EVOLUTION, CHALLENGES AND PROSPECTS Loso Judijanto; Al-Amin
INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS Vol. 1 No. 3 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
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This comprehensive analysis investigates the evolution, challenges and prospects of Social Economic Law in the context of evolving social and economic dynamics. The research highlights how the principles of social and economic justice in law are implemented to deal with the complexities of modern society, as well as to adjust to global changes such as digitalisation and climate change. In addition, it identifies key challenges that must be overcome to maintain the relevance and effectiveness of regulation, and explores opportunities to make law a tool for sustainable and inclusive economic and social transformation. Emphasis is placed on the importance of policy innovation and cross-sector collaboration to ensure equitable development. With this approach, Social Economic Law is expected to serve as a solid pillar to achieve sustainable prosperity for all.