Analysis of Factors Affecting Compensation in Companies

Abstract

The purpose of this study was to examine the elements that influence the providing of remuneration in a business. This study employs a qualitative research methodology in conjunction with a descriptive system. Primary and secondary data are used in this investigation. This study collected data by observation, in-depth interviews, and a review of the literature. This research is being conducted on company X in Makassar, which is in the convection business. The researcher employed purposive random sampling, or the sampling approach, in this study, taking into account the researcher's considerations. Meanwhile, the respondents in this study amounted to 50 employees and interviews were conducted with the head of staff of the Human Resources section, totalling 10 people. Based on the study results, it can be concluded that three factors influence the provision of compensation to employees of company X; the three factors are the experience factor, the promotion factor and the work performance factor.