Professional Documents
Culture Documents
ISSN No:-2456-2165
Abstract:- This research aims to investigate the influence and still survive until now because of its services and
which occurred from employee experience, work life products which focused on the needs of consumers and the
balance and job insecurity to turnover intention with market from various aspects. To provide the best service to
employee engagement as a mediating variable at XYZ consumers, XYZ Private Bank pays great attention to its
Private Bank. The primary data were obtained through employees both personal and professional matters.
questionnaires which spread to 116 respondents and were
analyzed descriptively and quantitatively. Data analysis In the 2018 Annual Report, XYZ Private Bank stated
was performed by SmartPLS which consists of t outer that the company was able to maintain the level of employee
model and inner model tests. The results which processed engagement from year to year and reached 86% in 2018.
by path coefficients show that employee experience has a However, the various efforts that have been made and the
significantly positive effect to employee engagement, work achievements that have been received by XYZ Private Bank
life balance has a significantly positive effect to employee have not made this company smooth in HR management.
engagement, job insecurity has no effect on employee This is shown by the increase in the turnover rate every year
engagement, employee engagement has a significantly and reach 20.19% in 2018.
negative effect on turnover intention, employee experience
has no effect on turnover intention, work life balance has Turnover rate which occurs at XYZ Private Bank is an
no effect on turnover intention, job insecurity has a unusual phenomenon. The turnover rate at XYZ Private Bank
significantly positive effect on turnover intention. were also relatively high compared to the standard banking
Employee engagement has fully mediates the correlation turnover rate in Indonesia which is only around 15%
between employee experience and turnover intention, (Bisnis.com, 2014). Therefore, XYZ Private Bank needs to
while employee engagement did not mediate the figure out the increase in turnover as one of the priorities that
correlation between work life balance and job insecurity should be addressed as soon as possible. To understand
towards turnover intention. further about the conditions that occurred, the authors
conducted a survey relates the turnover to 34 employees of
Keywords:- Employee Experience, Work Life Balance, Job XYZ Private Bank. The results of this pre-survey showed that
Insecurity, Turnover Intention, Employee Engagement. 64.7% of respondents expressed their desire to leave the
company. Total 64% respondents plan to leave in 0-1 and 1-2
I. INTRODUCTION years.
C. Hypothesis office, while the sample set was 116 respondents. The data
According to the literature review and theoretical analysis method used was PLS-SEM modeling with assist of
framework above, the following hypothesis can be SmartPLS to examine the outer and inner models of the
formulated as follows: research.
H1: Employee experience is reckon to have a significant
effect to employee engagement IV. RESULTS AND DISCUSSION
H2: Work life balance is reckon to have a significant effect to
employee engagement A. Research Results
H3: Job insecurity is reckon to have a significant effect to The characteristics of the respondents in this research
employee engagement were female (55.17%) and male (44.83%), aged between 20-
H4: Employee experience is expect to have a significant 30 years (50.86%) and 31-40 years (34.48%), also had a
effect to turnover intention bachelor's degree (90.51%). Respondent with working period
H5: Work life balance is expect to have a significant effect to 1-2 years and 3-years (25.86%) and mostly more than 7 years
turnover intention (31.04%), with permanent employee (59,48%) and temporary
H6: Job insecurity is presume to have a significant effect to employee (40.52%). This illustrates that the characteristics of
turnover intention employees at XYZ Private Bank are the millennial generation
H7: Employee engagement is presume to have a significant who have mobility and higher education, so they have a
effect to turnover intention tendency to change jobs if the benefits that they received are
H8: Employee engagement is thought to mediate the effect not in line with their expectation. Therefore, XYZ Private
from employee experience on turnover intention Bank needs to recognize to the factors which can affect to
H9: Employee engagement is thought to mediate the effect their turnover intention, such as Employee Engagement,
from work life balance on turnover intention Employee Experience, Work Life Balance, and Job
H10: Employee engagement is thought to mediate the effect Insecurity.
from job insecurity on turnover intention
In the outer model test, the three stages were carried out
III. METHODS used to test the validity and reliability of the model. In
examine the validity by convergent validity, it shows that
This research type which conducted were included in from the 48 indicators tested, 13 indicators have a loading
explanatory quantitative research. The research variables factor value of less than 0.6 and need to remove from the
were classified into three variable, dependent variable model and a second test is needed. In the second test, 35
(turnover intention), mediating variable (employee indicators have met the requirements with loading factor
engagement), and the independent variable (employee value greater than 0.6. Then, the discriminant validity test
experience, work life balance, and job insecurity). This shows the cross loading value of each indicator on the
research was conducted from November 2020 to December construct is higher than the other constructs. From these two
2020 at the Headquarter of XYZ Private Bank which located tests, it can be interpreted that from all 35 research indicators
in South Jakarta, Indonesia. Data collection method used in were declared valid and can be used to assess the construct.
this research is a questionnaire research instrument with a Furthermore, in reliability test, the results of composite
Likert scale. The population of this research were all reliability and Cronbach's alpha values of all research
employees at XYZ Private Bank who worked at the head variables have values above 0.7, Thus all constructs in this
Table 2:- The R2 Test Results The hypothesis test results which carried out through
the bootstrapping procedure like it can be seen in the Figure
In the effect size test, it was found that employee and Table below.
experience has a significant effect size with a value of 0.618
The correlation test outcomes between dimensions strongest correlation to the vigor dimension of the
which performed previously, can be concluded: employee engagement variable with correlation value of
1) Employee experience variable through Cultural dimension 0.430 and classified as moderate. The lowest correlation
has the strongest linkage to dedication dimension of the value was obtained from the lingkage between the
employee engagement variable with a correlation value of dimensions of personal life disorder on work (PLIW) and
0.633 which is quite strong. The lowest correlation value absorption with -0.023 and classified as very low.
is obtained from the correlation between the dimensions 4) Work life balance variable through work-life balance
of physical environment and absorption of 0.069 and dimension (WIPL) has the strongest correlation and has a
classified as very low. negative value on the turnover intention dimension with a
2) Employee experience variable through cultural dimension correlation of -0.245 which is relatively low. The lowest
which has the strongest but negative direction to the correlation value which earned from the correlation
turnover intention dimension with a correlation of -0.359 between the dimensions of increasing work and personal
which is relatively low. The lowest correlation was life (WPLE) on turnover intention was -0.073 and
obtained from the correlation between the dimensions of classified as very low.
technology and turnover intention of -0.078 and classified 5) The dimension from the job insecurity variable has the
as very low. strongest correlation with the dedication dimension from
3) Work life balance variable through the dimensions of employee engagement variable with a negative correlation
increasing work and personal life (WPLE) has the value of -0.185 and was classified as very low. The lowest