The Influence of Compensation Management Strategy on Talent Retention: Exploring the Mediating Role of Structural Capital

Abstract

Background: Retention of the employees is recognized as one of the significant problems of the present business world. The retention phenomena are observed to be impacted by the compensation practices employed by the firm.Objective: Based on this, the study aims to assess the compensation management strategies among Jordan commercial banks using structural capital approach.Methods: The study employed a quantitative design for assessing the employee retention. For this, data collection has been done using a survey based on a questionnaire.Results: The study has found a significant and positive impact of work life balance, satisfaction, and benefits on structural capital and talent retention. Moreover, the study failed to report a significant impact of salary on opportunity and job nature.Conclusion: The structure of the compensation management in the banking sector must encourage a new design for improving its impact intensity.

Sustainable Total Reward Strategies for Talented Employees’ Sustainable Performance, Satisfaction, and Motivation: Evidence from the Educational Sector

“…Thus, employees perceived that suitable financial rewards might improve their performance at work [52]. When there is a high level of satisfaction, organizations can generally improve the retention rate among all employees, especially those who are talented [53].…”

Local companies underperform: a comparative study of industries in Pakistan

“…http://www. ijmp.jor.br v. 12, n. 4, May-June 2021ISSN: 2236-269X DOI: 10.14807/ijmp.v12i4.1330 Researchers have examined that there is a relationship between employee compensation and their loyalty to the organization (Abou-Moghli, 2019). According to Kakar et al, (2015), the provision of compensation and benefits are very important and they create a considerable impact on the employee.…”

“…Human resource management is one of the most vital functions of an organization (Kakar et al, 2015). In today's world, human resource managers should always anticipate changes beforehand and reconsider the firm's strategies accordingly to make sure that the employees remain committed and motivated and keep on working to achieve the organization's goals (Abou-Moghli, 2019).…”

Research on the Impact of Corporate Compensation Management Mechanism on Corporate Performance and Innovation Capability Based on the Context of Big Data Science

“…The domestic research literature related to corporate social responsibility (CSR) is very abundant and the research ideas are very mature, while the research related to corporate ESG has only received attention from Chinese academia in recent years [1,2]. Both ESG and CSR focus on the impact of companies on the environment and society, and both pursue that companies can achieve long-term sound development and create value for both shareholders and society [3,4]. However, CSR is more oriented to internal corporate self-governance or disclosure, while the application of ESG focuses on the capital market and is more used to provide investors or society at large to assess.…”