The Impact Compensation Management Strategies to Job Stability

This study aims to explore the impact of compensation management strategies on job stability in Sudanese banks in the state of Khartoum. Centred on the question of how compensation strategies contribute to enhancing employee stability, by analysing components such as salary levels, pay structures, allowances, benefits, and their ability to retain employees. The researchers adopted a descriptive analytical approach, relying on a questionnaire as the primary tool for collecting data from a sample of 130 employees working in banks operating in Khartoum State. Data were analysed using appropriate statistical software such as SPSS, and various tests were applied, including Alpha Cronbach, linear regression, and the T-test. The results revealed a statistically significant relationship between compensation management strategies and job stability. The findings indicated that salaries and financial benefits significantly influence an employee’s decision to remain stable in their job. The findings showed the most prominent of which is that there is no positive statistically significant relationship at the level (a ≥ 0.05) between the salary level and the dimensions of job stability, and there is a statistically significant relationship at the level (a ≥ 0.05) between the additions to salaries and the dimensions of job stability. A statistical significant relationship at the level (a ≥ 0.05) between advantages, benefits and dimensions of job stability was revealed. The study concluded that implementing an effective compensation strategy positively contributes to enhancing employee stability. It recommended improving salary structures and offering additional benefits to promote workforce retention. Keyword: Compensation management strategy, Job stability, Job engagement, Functional homology.