Boosting Competitiveness Through the Alignment of Corporate Social Responsibility, Strategic Management and Compensation Systems in Technology Companies: A Case Study
Abstract
:1. Introduction
2. Theoretical Framework
2.1. Strategic Management (SM)
2.2. Total Compensation (TC)
2.3. Corporate Social Responsibility (CSR)
3. Materials and Methods
3.1. Study Design
3.2. Statistical Analysis
4. Results
5. Discussion
6. Conclusions
6.1. Limitations and Future Research Directions
6.2. Implications for Management
Author Contributions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Conflicts of Interest
References
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Data collection period | 18 November 2022–25 January 2023 |
Population | 24,396 |
Type of sampling | Convenience |
Sample size | 205 respondents |
Type of survey | Face-to-face questionnaire and online |
Sampling error | 6.82% |
Level of confidence | 95% |
Nº Workers | Nº | % |
---|---|---|
From 1 to 9 | 41 | 20.00% |
From 10 to 49 | 39 | 19.02% |
From 50 to 100 | 27 | 13.17% |
From 101 to 250 | 15 | 07.32% |
More than 250 | 83 | 40.49% |
Factor | Items | Loads | Average Loads | α | AVE | CRI |
---|---|---|---|---|---|---|
SM | SM1 | 0.6410 | 0.723 | 0.8090 | 0.526 | 0.821 |
SM2 | 0.729 | |||||
SM3 | 0.815 | |||||
SM4 | 0.707 | |||||
NOFIN | NOFIN1 | 0.754 | 0.726 | 0.8700 | 0.528 | 0.871 |
NOFIN2 | 0.718 | |||||
NOFIN3 | 0.673 | |||||
NOFIN4 | 0.728 | |||||
NOFIN5 | 0.752 | |||||
NOFIN6 | 0.733 | |||||
FIN | FIN1 | 0.671 | 0.717 | 0.8460 | 0.521 | 0.843 |
FIN2 | 0.813 | |||||
FIN3 | 0.643 | |||||
FIN4 | 0.817 | |||||
FIN5 | 0.642 | |||||
CSR | CSR1 | 0.846 | 0.819 | 0.9260 | 0.675 | 0.926 |
CSR2 | 0.836 | |||||
CSR3 | 0.806 | |||||
CSR4 | 0.805 | |||||
CSR5 | 0.82 | |||||
CSR6 | 0.817 | |||||
Goodness of fit | ||||||
χ2 = 484.398 | SRMR | |||||
0.057 |
Factor | SM | NOFIN | FIN | CSR |
---|---|---|---|---|
SM | 0.726 | |||
NOFIN | 0.680 | 0.727 | ||
FIN | 0.586 | 0.763 | 0.722 | |
CSR | 0.659 | 0.848 | 0.733 | 0.822 |
Hypothesis | Structural Relationship | Coef. | f2 | 95CI | Check |
---|---|---|---|---|---|
H1 | SM → CSR | 0.1290 | 0.0350 | (−0.062–0.287) | Not Supported |
H2 | SM → NOFIN | 0.672 *** | 0.8230 | (0.536–0.774) | Supported |
H3 | NOFIN → CSR | 0.613 *** | 0.4910 | (0.434–0.820) | Supported |
H4 | SM → FIN | 0.589 *** | 0.5300 | (0.459–0.703) | Supported |
H5 | FIN → CSR | 0.193 ** | 0.0580 | (0.013–0.347) | Supported |
Specific Indirect Effects | |||||
SM → NOFIN → CSR | 0.114 * | (0.009–0.228) | Supported | ||
SM → FIN → CSR | 0.4190 | (0.271–0.550) | Supported |
ITEMS | |
---|---|
SM1: Operational efficiency | 0.641 |
SM2: Brand identification | 0.729 |
SM3: Innovation in marketing techniques and methods | 0.815 |
SM4: Advertising | 0.707 |
F1: Salary levels are used to manage fixed compensation increases | 0.671 |
ID3: Eligibility for funding schemes for development processes (e.g., courses, coaching). | 0.813 |
V2: A system of variable remuneration based on individual objectives has been implemented | 0.643 |
V3: A positive contribution is rewarded through variable compensation | 0.817 |
V4: A variable remuneration system based on team objectives has been implemented | 0.642 |
I1: A sense of belonging is an element of payback | 0.754 |
I2: Belonging to a socially responsible company is an element of retribution | 0.718 |
I3: Belonging to a prestigious company is an element of retribution | 0.673 |
I4: Enables participation in projects for development and innovation | 0.728 |
NF2: Professional development practices are applied (e.g., knowledge management, recognition, participation in decision-making, career development, etc.) | 0.752 |
NF4: Workplace conditions are positive | 0.733 |
CSR-S1: Considering stakeholder needs when making investment decisions | 0.846 |
CSR-S2: Communicate the risks and environmental impact of the activity to the general public | 0.836 |
CSR-S3: Improving the health and safety of employees or society | 0.806 |
CSR-S4: Protecting society’s rights and claims | 0.805 |
CSR-S5: Improving facilities to integrate them into the environment in which the activity is carried out | 0.820 |
CSR-S6: Funding local community social initiatives | 0.817 |
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Núñez-Sánchez, J.M.; Molina-Gómez, J.; Mercadé-Melé, P.; Almadana-Abón, S. Boosting Competitiveness Through the Alignment of Corporate Social Responsibility, Strategic Management and Compensation Systems in Technology Companies: A Case Study. Sustainability 2024, 16, 9480. https://doi.org/10.3390/su16219480
Núñez-Sánchez JM, Molina-Gómez J, Mercadé-Melé P, Almadana-Abón S. Boosting Competitiveness Through the Alignment of Corporate Social Responsibility, Strategic Management and Compensation Systems in Technology Companies: A Case Study. Sustainability. 2024; 16(21):9480. https://doi.org/10.3390/su16219480
Chicago/Turabian StyleNúñez-Sánchez, José M., Jesús Molina-Gómez, Pere Mercadé-Melé, and Santiago Almadana-Abón. 2024. "Boosting Competitiveness Through the Alignment of Corporate Social Responsibility, Strategic Management and Compensation Systems in Technology Companies: A Case Study" Sustainability 16, no. 21: 9480. https://doi.org/10.3390/su16219480
APA StyleNúñez-Sánchez, J. M., Molina-Gómez, J., Mercadé-Melé, P., & Almadana-Abón, S. (2024). Boosting Competitiveness Through the Alignment of Corporate Social Responsibility, Strategic Management and Compensation Systems in Technology Companies: A Case Study. Sustainability, 16(21), 9480. https://doi.org/10.3390/su16219480