Analisis Efektivitas Kebijakan Imbalan Kerja Karyawan pada PT Sarimelati Kencana Tbk Tahun 2024 – 2025

Abstract

This study aims to analyze the structure, effectiveness, and implementation challenges of the employee compensation policy at PT Sarimelati Kencana Tbk for the period 2024–2025. The research employs a qualitative descriptive approach using document analysis as the primary method. Data were sourced from the company's annual reports, sustainability reports, applicable labor regulations, and relevant academic literature. Analysis was conducted using the Input–Process–Output (IPO) framework, encompassing the dimensions of compensation budget allocation, policy implementation mechanisms, and outputs including employee retention rates, regulatory compliance, and turnover rates. The findings indicate that the compensation policy of PT Sarimelati Kencana Tbk falls within the category of sufficiently effective, yet has not reached an overall optimal level. In terms of input, the compensation budget allocation increased by 8–12% in 2024. From the output perspective, the turnover rate for permanent employees declined from 24.3% to 21.7%, and the company demonstrated full compliance with labor and social security regulations. However, the turnover rate among part-time employees remained high at 38.5%, reflecting gaps in policy communication and inconsistencies in implementation across branch units. This study recommends improving compensation communication transparency, designing specific incentives for non-permanent employees, and standardizing policy implementation across all operational units.