|
This study is aimed at: (1) analyzing the simultaneously influences of real income per hour and tax saving on employee's productivity per working hour, and (2) forecasting the employee`s productivity per working hour on the basis of the classical regression model. These objectives of research are inspired by theoretical and empirical assumption that the positive interaction between real compensation and tax saving simultaneously affect upon employee?s productivity.PT. Morita Tjokro Gearindo, one of the fastest growing spare-parts automotive base companies in Indonesia, is taken into at case of this study. The main reasons to conduct this research in PT. Morita Tjokro Gearindo are (a) this company is yearly recorded as the constant increasing tax payer. that is 12.02% in average from 2002 to 2004, (b) based on yearly data the employees' salary and wages of this company from 2004 to 2004 remain increase by 14.0% in average, (c) the ouput productivity's rates from 2000-2004 remain increase by 12.02% in average, (d) from 2002 to 2004 the permanent employees' slary and wages continuously increase by 14.63% in average, the monthly working hours from January 2005 to April 2006 remain increase by 0.79% , (e) the monthly tax savings increased by 1.33% in average, and (f) this company had improved the quality of management such successfully that it was given a certificate of ISO 9002 in 1999 as a token. The observed data used in this research are ranging from January 2005 to April 2006. These ranging observed data are defined since the corporate income tax was firstly applied in beginning January 2005, while April 2006 was the latest month of this research period. The total time observation is sixteen months. The secondary data are used to construct the sixteenth time-series data of exogenous variables (real compensation per working hour and tax saving) as well as endogenous variable (employee?s productivity per working hour).The null hypothesis of this study is that both real compensation per working hour and tax saving have no positive influence on employee?s productivity per working hour, while the alternative hypothesis is both compensation per working hour and tax saving have a positive influence on employee?s productivity per working hour. The F test and t test are used to examine the null hypothesis at significant level (a) 5%.The results of this study conclude that; (1) both real compensation per working hour and tax saving in PT Morita Tjokro Gearindo have a significantly positive influence on employee?s productivity per working hour, (2) although the regression model are significant on the basis of F test and t test, the model can not be a blue one since multicolinearity between real compensation per working hour and tax saving still exists, (3) in order to keep the best linear and unbiased estimator (blue), tax saving is removed from the model, so that the estimation model consists of real compensation per working hour as proxy for employee?s productivity per working hour, and (4) based on the final model it is estimated that in a year to come, there will be increase in employees' productivity of PT. Morita Tjokro Gearindo per working hour by 1,06% of montly average and this also concludes that real compensation per working may contribute 0.003 peach of the increasing one peach of employee's productivity.Based on these research conclusions, this study suggests that: (1) the human resource management at PT. Morita Tjokro Gearindo should constantly keep up the increasing real compensation per workin hour, especially in relation to the components of wages salaries such a that the tax savings remain increase: although in this case, the real compensation per month of PT. Morita Tjokro Gearindo has been above the provincial minimum wage salary the DKI Jakarta it is suggested that the components of wages/ salariy in the next coming years; (2) Since the model is fully dependent upon real compensation per working hour, while the real compensation is determined by inflationary rates in lndonesia, it is suggested to PT Morita Tjokro Gearindo that this model is not used as theoretical model: rather, it is only a data generating process (DGP), which is produced by a certain period of time. (3) from the academic perspective, it is suggested that the next studies regrading this topic should focus on mapping the sensitivity of inter-variable relationships by using the structural equation model (SEM), which is assumed being more able than the linear regression mode to capture the postive effect multicollinearity, and (4) although both real compensation and tax saving are simultaneously able (97.50%) to explain the behavior of empIoyee?s productivity in PT. Morita Tjokro Gearindo, the rest (2.50%) are perhaps contributed by other factors. Therefore, to the next studies regarding this topic, it is suggested that such a factor as non-financial compensation will be added into exogenous variables. |
T22428-Mesakh Supriadi.pdf :: Unduh