J
Journal of Economics, Management, Entrepreneurship, and Business (JEMEB) Abnus Publisher

Payroll Model for Academic Staff: A Real Options Approach in a Private Campus

2021-11-26
Published
148-156
Pages
OPEN
Access
NN
Nunuh Nunuh
Trisakti Institute of Transportation and Logistics, Jakarta, Indonesia
AW
Arvina Wulandari
Muhammadiyah Business Institute of Bekasi
Abstract

Purpose: The purpose of this study is to describe and provide input to the outside world that real thoughts are needed for educational staff in an institution that works well.

Research Methodology: The method used is to obtain real case data received by education personnel working in campus institutions.

Results: The results of the study require good follow-up thinking using quantitative methods by looking for other variables that influence each other and qualitative methods that provide good results from informants, completed data, or comparisons.

Conclusions: The study concludes that the current payroll practices in private campuses are inconsistent and inequitable, resulting in dissatisfaction among academic staff. The findings suggest that a standardized and more equitable salary model is needed to enhance staff performance and motivation in the private higher education sector.

Limitations: This study is limited by its focus on private campuses in Jakarta, which may not represent the entire landscape of private education in Indonesia. Furthermore, the sample size of educational staff interviewed was limited, which may affect the generalizability of the findings.

Contributions: This research contributes to the understanding of payroll disparities in the private higher education sector and offers valuable insights into improving the equity and efficiency of academic staff compensation. It provides recommendations for further research on the relationship between salary structures and staff performance.

Academic Staff Payroll Model Private Campus Salary Equity Compensation System
How to Cite
Payroll Model for Academic Staff: A Real Options Approach in a Private Campus. (2021). Journal of Economics, Management, Entrepreneurship, and Business (JEMEB), 1(2), 148-156. https://doi.org/10.52909/jemeb.v1i2.58
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How to Cite

Payroll Model for Academic Staff: A Real Options Approach in a Private Campus. (2021). Journal of Economics, Management, Entrepreneurship, and Business (JEMEB), 1(2), 148-156. https://doi.org/10.52909/jemeb.v1i2.58
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