International Journal of

ADVANCED AND APPLIED SCIENCES

EISSN: 2313-3724, Print ISSN: 2313-626X

Frequency: 12
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 Volume 12, Issue 2 (February 2025), Pages: 191-204

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 Original Research Paper

Financial compensation, non-financial benefits, and the mediating role of job satisfaction in turnover intention among Malaysian millennial construction professionals

 Author(s): 

 Mohd Huzaini Abdul Malik *, Adiza Alhassan Musah

 Affiliation(s):

 Graduate School of Management, Postgraduate Center, Management and Science University, 40100 Shah Alam, Selangor, Malaysia

 Full text

  Full Text - PDF

 * Corresponding Author. 

  Corresponding author's ORCID profile: https://orcid.org/0009-0002-1544-538X

 Digital Object Identifier (DOI)

 https://doi.org/10.21833/ijaas.2025.02.021

 Abstract

The high turnover rate in Malaysia's construction sector has led to workforce disruptions and a shortage of skilled professionals. Employee shortages persist due to stagnant wages and insufficient benefits, making it difficult to attract and retain qualified millennial professionals. This study examines how financial compensation and non-financial benefits influence turnover intentions among millennial professionals in Malaysia's construction sector, with job satisfaction as a mediating factor. Data were collected through an online survey of 387 millennial construction professionals and analyzed using IBM SPSS 27 and Structural Equation Modeling (PLS-SEM). Findings indicate that both financial compensation and non-financial benefits positively affect job satisfaction while reducing turnover intentions. Job satisfaction plays a partial mediating role in this relationship. The study highlights the importance of aligning compensation and benefits with the expectations of millennial professionals, as this not only enhances job satisfaction but also strengthens employee retention and provides a competitive advantage for construction firms.

 © 2025 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords

 Turnover intentions, Job satisfaction, Financial compensation, Non-financial benefits, Construction sector

 Article history

 Received 3 October 2024, Received in revised form 14 January 2025, Accepted 6 February 2025

 Acknowledgment

No Acknowledgment.

 Compliance with ethical standards

 Ethical considerations

This study was conducted in accordance with ethical research guidelines. Participants provided informed consent, and their responses remained anonymous and confidential. Participation was voluntary, with the right to withdraw at any time. No personally identifiable information was collected, and data was securely stored.

 Conflict of interest: The author(s) declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article.

 Citation:

 Malik MHA and Musah AA (2025). Financial compensation, non-financial benefits, and the mediating role of job satisfaction in turnover intention among Malaysian millennial construction professionals. International Journal of Advanced and Applied Sciences, 12(2): 191-204

 Permanent Link to this page

 Figures

 Fig. 1 Fig. 2

 Tables

 Table 1 Table 2 Table 3 Table 4 Table 5 Table 6 Table 7 Table 8

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