Irrational Choice of Bankers: Wealth or Welfare?

Aminullah Achmad Muttaqin, Iswan Noor, Silvi Asna Prestianawati

Abstract


The phenomenon of the high number of workers who are not absorbed in the workforce in Indonesia is a problem that is difficult to solve briefly. The lack of employment opportunities accompanied by problems with the level of education and expertise of the workforce in Indonesia has also become a polemic in the national development process. However, another fact occurs where workers tend to choose to leave several leading sectors in Indonesia, such as the financial sector, especially banking. It is feared that this condition will cause the banking sector as one of the sectors that drive the national economy, to lose qualified and loyal workers so that it will have an impact on production inefficiency in the banking sector and eventually will directly impact the community considering the function of the bank as an intermediary institution. This study aims to reveal the motives for changing workers' behaviour in banking by using qualitative methods and a phenomenological approach. This research is expected to contribute to the improvement of the employment system in the financial sector, especially banking, to absorb qualified and loyal workers to the company. Thus, macroeconomically, it is to reduce the voluntary unemployment rate in order to accelerate national development as a whole.


Full Text:

PDF

References


Ahmad, N., Tariq, M. S., & Hussain, A. (2015). Human resource practices and employee retention, evidences from banking sector of Pakistan. Journal of Business and Management Research, 7(3), 186–188.

Ahmar, A. S., Napitupulu, D., Rahim, R., Hidayat, R., Sonatha, Y., & Azmi, M. (2018). Using K-means clustering to cluster provinces in Indonesia. In Journal of Physics: Conference Series (Vol. 1028, p. 12006). IOP Publishing.

Ahyani, H., Permana, D., & Abduloh, A. Y. (2020). Dialog Pemikiran Tentang Norma Riba, Bunga Bank, Dan Bagi Hasil di Kalangan Ulama. Kordinat: Jurnal Komunikasi Antar Perguruan Tinggi Agama Islam, 19(2), 247–264.

Ariani, D. R., Ratnasari, S. L., & Tanjung, R. (2020). Pengaruh rotasi jabatan, disiplin kerja, dan beban kerja terhadap produktivitas kerja karyawan. Jurnal Dimensi, 9(3), 480–493.

Aswindo, Munarni, Abdul Rivai Ras, Arthur Josias Simon, and Margaretha Hanita. 2021. ‘Omnibus Law on Job Creation and Resilience Prospects of Indonesian Migrant Workers’. Journal of Social and Political Sciences 4(4).

Bembok, Nomiles, Gene Henfried Meyer Kapantow, and Leonardus Ricky Rengkung. 2020. ‘Kontribusi Sektor Pertanian Dalam Perekonomian Di Kabupaten Minahasa’. AGRI-SOSIOEKONOMI 16(3): 333–42.

Bhardwaj, S. (2018). Problems Of Unemployment In India And Its Solutions. Deliberative Research, 37(1), 55–58.

Brough, P., Timms, C., Chan, X. W., Hawkes, A., & Rasmussen, L. (2020). Work–life balance: Definitions, causes, and consequences. Handbook of Socioeconomic Determinants of Occupational Health: From Macro-Level to Micro-Level Evidence, 473–487.

detikFinance. (2012, Juli 19). Ini Alasan Gaji Bankir di RI 'Selangit' . Retrieved from https://finance.detik.com/moneter/d-1969808/ini-alasan-gaji-bankir-di-ri-selangit

Dewi, S., Majid, M. S. A., Aliasuddin, A., & Kassim, S. H. (2018). Dynamics of financial development, economic growth and poverty alleviation: The Indonesian experience. The South East European Journal of Economics and Business, 13(1), 17–30.

Diana, R., Chan, S., & Ibrahim, R. (2019). Antecedents and Consequences of Employee Turnover Intention of the State-Owned Bank in Indonesia.

Doreen Shamala, A. M. (2017). Factors influencing employee turnover intention in the commercial banking sector in Kuala Lumpur. Universiti Utara Malaysia.

Fauzia, I. Y., & Riyadi, A. K. (2020). New Trends in Economic Behavior: The Phenomenon of the Anti-Usury Movement in Indonesia. Studia Islamika, 27(3), 515–550.

Fergian, A. (2020). Faktor-faktor Resign karyawan marketing terhadap kinerja Bank Syariah (Studi kasus pada BPRS Metro Madani Kantor Cabang Jatimulyo). IAIN Metro.

Frichilia, C. (2016). Stres kerja serta hubungannya dengan kinerja karyawan berdasarkan gender (studi pada karyawan PT. Bank Danamon, tbk Manado). Jurnal Berkala Ilmiah Efisiensi, 16(4).

Handriyani, R., Sahyar, & Arwansyah. (2018). Analysis The Effect Of Household Consumption Expenditure, Investment And Labor To Economic Growth: A Case In Province Of North Sumatra. Studia Universitatis "Vasile Goldis" Arad. Seria stiinte economice, 45-54.

Hermana, Y. F., Hubeis, A. V., & Sukmawati, A. (2015). Comparison of Influence of Job Satisfaction Factors on Turnover Intention Based on Gender (Case Study: Bank XYZ in Bogor, Indonesia). International Journal of Science and Research, 2319–7064.

Hesarika, A. (2018). PENGARUH STRES KERJA DAN KEPUASAN KERJATERHADAP TURNOVER INTENTION PERAWAT RAWAT INAPTAHUN 2017 (STUDI PADA RSU BUNDA THAMRIN MEDAN). Jurnal Ilmiah Simantek, 2(2).

Jabbar, U., Saleem, F., Malik, M., Qureshi, S., & Thursamy, R. (2020). Abusive leadership and employee commitment nexus: Conservation of resources theory perspective. Cogent Business & Management , 1-14.

Kadi, T., & Awwaliyah, R. (2017). Inovasi Pendidikan: Upaya Penyelesaian Problematika Pendidikan Di Indonesia. Jurnal Islam Nusantara, 1(2).

Kartika, E. W., & Kaihatu, T. S. (2010). Analisis pengaruh Motivasi kerja terhadap kepuasan kerja (studi kasus pada karyawan restoran di Pakuwon Food Festival Surabaya). Jurnal Manajemen Dan Kewirausahaan, 12(1), pp-100.

Kasbuntoro, D. I., Maemunah, S., Mahfud, I., Fahlevi, M., & Parashakti, R. D. (2020). Work-life balance and job satisfaction: A case study of employees on banking companies in Jakarta. International Journal of Control and Automation, 13(4), 439–451.

Kaur, G. (2015). Perception of bank employees’ towards working environment of selected Indian universal banks. International Journal of Bank Marketing.

Liao, Y.-K., Wu, W.-Y., Amaya Rivas, A. A., & Lin Ju, T. (2017). Cognitive, experiential, and marketing factors mediate the effect of brand personality on brand equity. Social Behavior and Personality: An International Journal, 45(1), 1–18.

Lumbantoruan, E. P., & Hidayat, P. (2015). Analisis Pertumbuhan Ekonomi dan Indeks Pembangunan Manusia (IPM) Provinsi-provinsi di Indonesia (Metode Kointegrasi). Ekonomi Dan Keuangan, 2(2).52-61

Muliadi, Darma, D., & Kasuma, J. (2020). MSMEs as mediation in the effects of investment credit, interest rates, and labor on economic growth: Evidence from Indonesia. International Journal of Finance & Banking Studies, 1-12.

M.Richard. (2020). Jumlah Pegawai Bank Turun, Beban Tenaga Kerja Justru Naik. Finansial.

Novriansyah, M. A. (2018). Pengaruh pengangguran dan kemiskinan terhadap pertumbuhan ekonomi di provinsi Gorontalo. Gorontalo Development Review, 1(1), 59–73.

Nurjannah, S., Khudzaifah, D., Bambang, S., & Mu’inudillah, B. (2019). The Resurgence of Islamic Populist: Purification Understanding of Usury Banking in X-Banker Community-Indonesia. Journal of Advanced Research in Dynamical and Control Systems,(2019), 11, 2760–2769.

Nurulita, S., Arifulsyah, H., & Yefni, Y. (2018). Analisis Pengaruh Kinerja Keuangan Daerah Terhadap Pertumbuhan Ekonomi Dan Dampaknya Terhadap Tingkat Pengangguran Di Provinsi Riau. Jurnal Benefita, 3(3), 336–356.

Pigou, A. C., & Aslanbeigui, N. (2017). The economics of welfare. Routledge.

Putri, S. Y. (2018). Upaya Pemerintah Indonesia di Era Pemerintahan Presiden Joko Widodo dalam Meningkatkan Daya Saing Sektor Ketenagakerjaan. Jurnal Kajian Lemhannas RI, 6(3), 19–33.

Sajjad, A., Ghazanfar, H., & Ramzan, M. (2013). Impact of Motivation on Employee Turnover in Telecom Sector of Pakistan. Journal of Business Studies Quarterly, 76-92.

Salmah, A. M., & Murti, A. (2020). DAMPAK DIGITALISASI TERHADAP PERAN FRONT OFFICE DALAM BISNIS PERBANKAN. JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi), 6(2), 145–156.

Septyanun, N., Dimyati, K., Setiaji, B., & Basri, M. (2019). The Resurgence of Islamic Populist: Purification Understanding of Usury Banking in X-Banker Community-Indonesia. Journal of Advanced Research in Dynamical and Control Systems, 2760-2769.

Siburian, R. (2015). BETWEEN AGRICULTURE AND COAL MINING: A STUDY OF THE LAND GRABBING IN THE SUB-DISTRICT OF TENGGARONG SEBERANG. Jurnal Masyarakat Dan Budaya, 17(2), 233–248.

Sowmya, K. R., & Panchanatham, N. (2011). Factors influencing job satisfaction of banking sector employees in Chennai, India. Journal of Law and Conflict Resolution, 3(5), 76–79.

Suryani, L. (2020). The Impact of Macroeconomic Factor and Financial Sector to Energy Consumption in Indonesia. Jurnal Ekuilibrium, 4(1), 27–40.

Wulansari, P., Meilita, B., & Ganesan, Y. (2020). The Effect of Employee Retention Company to Turnover Intention Employee—Case Study on Head Office Lampung Bank. In 3rd Global Conference On Business, Management, and Entrepreneurship (GCBME 2018) (pp. 236–239). Atlantis Press.

Yadav, R. K., & Dabhade, N. (2014). Work life balance and job satisfaction among the working women of banking and education sector-A comparative study. International Letters of Social and Humanistic Sciences, 21, 181–201.




DOI: https://doi.org/10.32535/ijafap.v5i1.1410

Refbacks

  • There are currently no refbacks.


Copyright (c) 2022 Aminullah Achmad Muttaqin, Iswan Noor, Silvi Asna Prestianawati

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

International Journal of Accounting and Finance in Asia Pacific (IJAFAP)

ISSN 2684-9763 (Print) | ISSN 2655-6502 (Online)

DOI Prefix: 10.32535 by CrossRef

Published by AIBPM Publisher

JL. Kahuripan No. 9, Hotel Sahid Montana, Malang, Indonesia

Email: adm.ijafap@gmail.com

Phone: +62 341 366222

Website: https://ejournal.aibpmjournals.com/index.php/IJAFAP

Governed by

Association of International Business and Professional Management

Email: admin@aibpm.org

Website: https://www.aibpm.org/

Indexed by

SINTA Garuda Google Scholar Dimensions Scilit ROAD Crossref Copernicus

Licensing Information

Creative Commons License
International Journal of Accounting and Finance in Asia Pacific (IJAFAP) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Visitor Statistics

Flag Counter

Web Analytics

View IJAFAP Stats