The Antecedants of Employee Loyalty in Family Business From Millenial Perspectives
DOI:
https://doi.org/10.38035/jafm.v1i1.13Keywords:
family businss, employee engagement, organizational culture, organizational justice, employee loyaltyAbstract
According to PWC (2015), almost 80% family businesses in Indonesia have non-working family member shareholders. Furthermore, Susenas (2017) projected millenial generation in next five years will increase significantly and reach the peak 34% of population. To cope these challanges, executives need adoption process to become more professional in business operations while recruiting and retaining qualified employees. This research aim to measure the antesedan of family business for instance; organization culture, empoloyee engagement ,ogranizational justice, loyalty. Sample was collected as much 288 selected through purposive sampling method in order to given closed questionarries using likert scale. As a result, organizational culture had impact to employee engagement whereas organizational culture not affected organizational justice, Therefore employee engagement and organizational justice has affected employee loyalty respectivly. Moreover this research reflect new horizons, such as: work autonomy, flexible work arrangements to finding new study of millenial behaviour while HR recuruiting or maintaining employee
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Aryee, S., Budhwar, P. S., & Chen, Z. X. (2002). Trust as a mediator of the relationship between organizational justice and work outcomes: Test of a social exchange model. Journal of Organizational Behavior. https://doi.org/10.1002/job.138
Bakhshi, A., Kumar, K., & Rani, E. (2009). Organizational justice perceptions as predictor of job satisfaction and organization commitment. International Journal of Business and Management. https://doi.org/10.5539/ijbm.v4n9p145
Barnett, T., & Kellermanns, F. W. (2006). Are we family and are we treated as family? Nonfamily employees’ perceptions of justice in the family firm. Entrepreneurship: Theory and Practice. https://doi.org/10.1111/j.1540-6520.2006.00155.x
Bierstedt, R., & Blau, P. M. (1965). Exchange and Power in Social Life. American Sociological Review. https://doi.org/10.2307/2091154
Blau, P. M. (2017). Exchange and power in social life. Exchange and Power in Social Life. https://doi.org/10.4324/9780203792643
Chrisman, J. J., Chua, J. H., Pearson, A. W., & Barnett, T. (2012). Family Involvement, Family Influence, and Family-Centered Non-Economic Goals in Small Firms. Entrepreneurship: Theory and Practice. https://doi.org/10.1111/j.1540-6520.2010.00407.x
De Kok, J. M. P., Uhlaner, L. M., & Thurik, A. R. (2006). Professional HRM practices in family owned-managed enterprises. Journal of Small Business Management. https://doi.org/10.1111/j.1540-627X.2006.00181.x
De Massis, A. (2012). Family Involvement and Procedural Justice Climate Among Nonfamily Managers: The Effects of Affect, Social Identities, Trust, and Risk of Non-Reciprocity. Entrepreneurship: Theory and Practice. https://doi.org/10.1111/j.1540-6520.2012.00547.x
Debaro, H., Yselande, P., Wei, D., & Adly, N. (2015). Millennials in the Workplace: Positioning Companies for Future Success. 14th Annual South Florida Education Research Conference.
Dyer, W. G. (1989). Integrating Professional Management into a Family Owned Business. Family Business Review. https://doi.org/10.1111/j.1741-6248.1989.00221.x
Hershatter, A., & Epstein, M. (2010). Millennials and the world of work: An organization and management perspective. Journal of Business and Psychology. https://doi.org/10.1007/s10869-010-9160-y
Jaskiewicz, P., & Klein, S. (2007). The impact of goal alignment on board composition and board size in family businesses. Journal of Business Research. https://doi.org/10.1016/j.jbusres.2006.12.015
Miller, D., Le Breton-Miller, I., Minichilli, A., Corbetta, G., & Pittino, D. (2014). When do Non-Family CEOs Outperform in Family Firms? Agency and Behavioural Agency Perspectives. Journal of Management Studies. https://doi.org/10.1111/joms.12076
Mitchell, R. K., Morse, E. A., & Sharma, P. (2003). The transacting cognitions of nonfamily employees in the family businesses setting. Journal of Business Venturing. https://doi.org/10.1016/S0883-9026(03)00059-4
Ng, E. S. W., Schweitzer, L., & Lyons, S. T. (2010). New generation, great expectations: A field study of the millennial generation. Journal of Business and Psychology. https://doi.org/10.1007/s10869-010-9159-4
Pan, X., Chen, M., Hao, Z., & Bi, W. (2018). The effects of organizational justice on positive organizational behavior: Evidence from a large-sample survey and a situational experiment. Frontiers in Psychology. https://doi.org/10.3389/fpsyg.2017.02315
Pwc. (2012). Family firm: A resilient model for the 21st century. Pwc - Family Business Survey 2012.
Ramos, H. M., Man, T. W. Y., Mustafa, M., & Ng, Z. Z. (2014). Psychological ownership in small family firms: Family and non-family employees’ work attitudes and behaviours. Journal of Family Business Strategy. https://doi.org/10.1016/j.jfbs.2014.04.001
Robbins, S. . (2012). Management. Angewandte Chemie International Edition. https://doi.org/10.1080/10587259208028779
Tabor, W., Chrisman, J. J., Madison, K., & Vardaman, J. M. (2018). Nonfamily Members in Family Firms: A Review and Future Research Agenda. Family Business Review. https://doi.org/10.1177/0894486517734683
Wijaya, A. (2019). Metode Penelitian Menggunakan Smart PLS 03 (1st ed.). Jakarta: Innosains.
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Published
2020-05-06
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Wijaya, A., Wijaya, B. ., & Carlos, J. . (2020). The Antecedants of Employee Loyalty in Family Business From Millenial Perspectives. Journal of Accounting and Finance Management, 1(2), 68–75. https://doi.org/10.38035/jafm.v1i1.13
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