Eurasia: Economics & Business (Jun 2023)
INFLUENCE OF MOTIVATION AND WORK-LIFE BALANCE ON THE PERFORMANCE OF MILLENNIAL EMPLOYEES AT CONSTRUCTION CONSULTING COMPANY PT. YODYA KARYA (PERSERO) MEDIATED BY EMPLOYEE ENGAGEMENT
Abstract
Improving the quality of employee is pivotal to giving a company a competitive advantage. Human capital is the cornerstone for realizing an organization's aspirations and objectives, with the ability to adapt to shifts in the business landscape, such as those during the Industrial Revolution 4.0. This revolution is characterized by the fusion of cybertechnologies and automation. As most individuals belonging to Generation X are heading into retirement, it is imperative for millennials to step up and take the mantle as the succeeding generation. To escalate performance, companies can employ strategies to bolster productivity and engagement among the millennial workforce, in turn facilitating the accomplishment of organizational targets. Companies may boost employee performance and creativity by addressing motivation and work-life balance. A questionnaire was used to collect data for the study. The sample for this study, which included 136 people, was chosen using the census method. The acquired data was then analyzed using structural equation modeling (SEM) software and Smart PLS (partial least squares). According to the data, motivation has a direct impact on employee performance, but work-life balance does not. However, when mediated by employee engagement, both motivation and work-life balance have a significant and beneficial influence on employee performance. Employee engagement is a vital link in this context, and both aspects have a direct impact on employee engagement.