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http://dx.doi.org/10.13106/jafeb.2020.vol7.no6.485

Critical Factors Affecting the Salaries of Employees of Manufacturing Enterprises in Vietnam  

DO, Thi Tuoi (Faculty of Human Resource Management, University of Labor and Social Affairs)
Publication Information
The Journal of Asian Finance, Economics and Business / v.7, no.6, 2020 , pp. 485-494 More about this Journal
Abstract
The study aims to identify and measure factors affecting the salaries of employees in manufacturing enterprises in Hanoi, the important area of Vietnam's economy. We conducted a questionnaire consisting of 31 observation variables with a 5-point Likert scale. Independent variables were measured from 1 "without effect" to 5 "strongly". Based on the literature review and results of interviews, a total of 350 questionnaires were sent to participants; 300 of them met the standards and were subject to be analyzed. The results of Exploratory Factor Analysis (EFA) and Multiple Regression Analysis (MRA) identify six main determinants influencing the salaries of employees in manufacturing enterprises in Hanoi, including Paying views of business leaders (PV), Financial ability of the enterprise (FA), Capacity of workers (CW), Capacity of the contingent of employees engaged in salary work (CC), Role of grassroots trade unions (TU), and State policies and laws on labor - salaries (STL). Based on the findings, some recommendations have been proposed to help the firm leaders design appropriate personnel policies for creating better job satisfactions for employees in the future. On this basis, the authors propose a number of recommendations to improve the salaries of employees in manufacturing enterprises in Hanoi.
Keywords
Manufacturing Enterprises; Wages; Salaries; Factor; Employees;
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Times Cited By KSCI : 5  (Citation Analysis)
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