The Determinants of Employee Retention at the Ministry of Finance of the Republic of Indonesia

Endang Saefuddin Mubarok *

Management Magister Program, Islamic University of Jakarta, Jakarta, Indonesia.

Hastomo Arbi

Management Magister Program, Islamic University of Jakarta, Jakarta, Indonesia.

Rina Uswatun Hasana

Management Magister Program, Islamic University of Jakarta, Jakarta, Indonesia.

Lalang Saksomo

Management Magister Program, Islamic University of Jakarta, Jakarta, Indonesia.

Rudi Salam

Statistics Diploma Program, STIS Statistics Polytechnic, Jakarta, Indonesia.

Krismayadi

Binawan University, Jakarta, Indonesia.

*Author to whom correspondence should be addressed.


Abstract

This study investigates the impact of leadership, compensation, and career development on employee retention within Indonesia's Ministry of Finance. Addressing a gap in the literature on public sector employee retention, the research employs a quantitative approach, surveying 224 employees from the Directorate General of Customs and Excise. Using Partial Least Squares Structural Equation Modelling (PLS-SEM), the study finds that all three factors significantly influence employee retention. These results provide actionable insights for policymakers and management to enhance workforce stability in government organizations.

Keywords: Leadership, compensation, career development and employee retention


How to Cite

Mubarok, E. S., Arbi, H., Hasana, R. U., Saksomo, L., Salam, R., & Krismayadi. (2024). The Determinants of Employee Retention at the Ministry of Finance of the Republic of Indonesia. Journal of Global Economics, Management and Business Research, 16(2), 21–34. https://doi.org/10.56557/jgembr/2024/v16i28848