Results of Exploratory Factor Analysis of Factors Related to Employee Motivation at Quang Binh Military Commercial Joint Stock Bank

Table 2.9: Results of total Cronbach's Alpha analysis

Reliability statistics

Cronbach's Alpha

Number of variables
0.957	26

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(Source: From the results of processing survey data with SPSS) The analysis results show that the overall Cronbach's Alpha coefficient is 0.957 (>0.6). At the same time, the correlation coefficients across the total variables (Corrected item - Total Correlation) of the variables are all over 0.3. This shows that the level of correlation between the questions in the survey and the measurement levels in the questionnaire are closely linked. Thus, no variables were eliminated during the process of classifying the reliability of the scale. Number of variables

used for further analysis were 26 variables belonging to 5 factor groups.

Exploratory factor analysis EFA

Factor analysis was used in this study to reduce insignificant factors and group them into a more significant group of factors, with fewer numbers, for use in the next regression analysis. Factor analysis was only used when the KMO (Kaiser-Meyer-Olkin) coefficient had a value of 0.5 or higher (Othman & Owen, 2000), Bartlett's test had a sig value of less than 0.05, variables with factor loadings less than 0.5 were eliminated. The Eigenvalue (representing the variation explained by each factor) must be greater than 1 and the Cumulative % Extraction Sums of Squared Loadings must be greater than 50% (Gerbing & Anderson, 1988).

Table 2.10: KMO and Bartlett's test

Kaiser-Meyer-Olkin Measure of Sampling Adequacy.

0.604
Bartlett's Test of Sphericity Approx. Chi-Square	7243,450
Df	300
Sig.	0.000

(Source: From the results of processing survey data with SPSS)

The results of KMO and Bartlett's Test in the table above show that the Sig value is very small (<0.05) and the KMO coefficient (KMO= 0.604) > 0.5, so factor analysis can be performed in this case.

Table 2.11: Results of factor analysis to explore factors related to employee motivation at Quang Binh Military Commercial Joint Stock Bank

Factor

Observation variable

1 2 3 4 5

MTKK1: Ventilated workplace air 0.966 MTKK2: Comfortable working space 0.930

MTKK3: Fully equipped working equipment

MTKK4: Colleagues share professional knowledge and work experience MTKK5: Colleagues always have an open attitude,

friendly, caring, helping each other

MTKK6: Professional and reputable leadership

MTKK7: Leaders care about life and

0.871

0.913

0.949

0.911

employee aspirations
LPL1: Reasonable salary	0.880
LPL2: The bank's bonus is reasonable	0.850
LPL3: Income at Quang Binh Military Commercial Joint Stock Bank is competitive compared to other	0.838
elsewhere
LPL4: Income commensurate with ability job	0.819
LPL5: Stable holiday bonuses	0.809
LPL6: Health insurance, social insurance, ... policies are fully implemented	0.714
CV1: Job placement is appropriate to the trained profession
CV2: Job responsibilities are clearly assigned
CV3: Employees are trained to do the job well
CV4: Current position is suitable for employee's ability
HT1: Interesting work, many challenges		0.936

0.893

0.707

0.845

0.849

0.814

HT2: The level of stress at work is not too high.

HT3: How important is your job?

0.897

compared to the overall high
HT4: Do you feel the job is suitable for you? own conditions (family circumstances,	0.915
health status,…)
PT1: Stable employee job	0.877

0.908

PT2: Training program suitable for employee's ability

PT3: Quang Binh Military Commercial Joint Stock Bank always creates opportunities for employees to have a long-term relationship with the bank.

PT4: Current job creates many opportunities for promotion

0.728

0.757

progress
Value	12,419	4,858	2,457	1,691 1,198
% of variance	49,677	19,433	9,826	6,762 4,794
Cumulative (%)	49,677	69,109	78,936	85,698 90,492
Cronbach's Alpha	0.975	0.976	0.972	0.953 0.926

0.812

(Source: From the results of survey data processing with SPSS) The results of exploratory factor analysis (using the Principal components extraction method with Varimax rotation) of the factors affecting the s show that all observed variables used to measure the influencing factors are extracted into 05 factors.

factor at Eigen value = 1.198 and extracted variance is 90.492%. Specifically:

After factor analysis, 25 observed variables were grouped into 05 groups, all variables had factor loading coefficient > 0.5. Therefore, the assessment of employee motivation at Quang Binh Military Commercial Joint Stock Bank was measured through 05 factors, including:

- The first factor (factor 1) has an Eigenvalue of 12.419. This factor includes the variables: "The workplace is airy", "Comfortable working space", "Fully equipped working equipment", "Colleagues share professional knowledge and work experience", "Colleagues always have an open, friendly, caring and helpful attitude towards each other", "Leaders work professionally and prestigiously" and "Leaders care about the lives and aspirations of employees". These variables

Explain the assessment of employees working at Quang Binh Military Commercial Joint Stock Bank about the working environment and atmosphere at the bank. The transfer value of each factor is greater than 0.5. These factors are named Working Environment and Atmosphere (coded as MTKK).

- The second factor (factor 2) has an Eigenvalue of 4.858. This factor includes the variables: "Convenient salary payment method"; "The method of income distribution at Quang Binh Military Commercial Joint Stock Bank is fair"; "Income at Quang Binh Military Commercial Joint Stock Bank is competitive compared to other places", "Income is commensurate with working capacity", "Holiday bonuses are stable" and the variable "Health insurance, social insurance policies, ... are fully implemented". The factor loading value of the variable is quite high and greater than 0.5. These variables are used to explain the salary and welfare regime at Quang Binh Military Commercial Joint Stock Bank. Therefore, this factor is named a new variable, which is Salary and welfare. (coded as LPL)

- The third factor (factor2) has an Eigenvalue of 2.457. This factor includes the variables: "Interesting work, many challenges", "The level of stress at work is not too high", "The level of importance of your work compared to the whole is high" and "You feel that the work is suitable for your own conditions (family circumstances, health status). The above variables explain the interest in work of employees of Quang Binh Military Commercial Joint Stock Bank. The transfer value of each factor is greater than 0.5. These factors are named Interest in work (coded as HT).

- The fourth factor (factor 4) has an Eigenvalue of 1.691. This factor includes the variables: "Clearly assigned job responsibilities", "Job arrangement is suitable for the trained profession", "Employees are trained to do the job well" and "Current position is suitable for employee's capacity". These variables explain the evaluation of employees of Quang Binh Military Commercial Joint Stock Bank about job characteristics and job arrangement. The transfer value of each factor is greater than 0.5. These factors are named Job characteristics and arrangement (coded as CV).

The fifth factor (factor 5) has an Eigenvalue of 1.198. This factor includes the variables: "Stability of employee's work", "Training program suitable for employee's ability", "Quang Binh Military Commercial Joint Stock Bank always creates opportunities for

employees can stay with the bank for a long time” and “Current job creates many promotion opportunities”. These are variables related to employees’ assessment of training and development opportunities at Quang Binh Military Commercial Joint Stock Bank. The loading value of each factor is greater than 0.5. These factors are named Training and development opportunities. (coded as PT)

Below is the Cronbach's Alpha reliability test table for each factor group.

Table 2.12: Results of Cronbach's Alpha analysis of factors related to employee motivation at Quang Binh Military Commercial Joint Stock Bank

Observation variable

Average scale if type variable	The variance of that scale if variable type	Variable correlation – total	Cronbach's Alpha if excluded variable
I. Working environment and atmosphere (Cronbach's Alpha =0.975)
MTKK1: Workplace atmosphere airy	19.63	25,737	0.949	0.967
MTKK2: Comfortable working space roof	19.60	26,550	0.918	0.970
MTKK3: Working equipment Fully equipped	19.27	25,834	0.890	0.972
MTKK4: Get professional knowledge and experience shared by colleagues work experience	19.67	27,808	0.912	0.972
MTKK5: Colleagues always have a good attitude openness, friendliness, concern, help each other	19.63	27,012	0.934	0.969
MTKK6: Professional work leader profession and reputation	19.13	24,277	0.923	0.971
MTKK7: Leaders care about people's lives and aspirations pill	19.07	25,566	0.884	0.972
II. Salary and benefits (Cronbach's Alpha =0.976)
LPL1: Reasonable salary	16.17	22,690	0.934	0.970
LPL2: The bank's bonus level is reasonable	16.30	23,500	0.905	0.973
LPL3: Income at Quang Binh Military Commercial Joint Stock Bank is competitive compared to other places. other	16.17	22,422	0.896	0.974
LPL4: Income commensurate with working capacity	16.33	23,445	0.935	0.970

Observation variable

Average scale if type variable	The variance of that scale if variable type	Variable correlation – total	Cronbach's Alpha if excluded variable
LPL5: Holiday Bonuses stable	15.77	21,254	0.958	0.968
LPL6: Health Insurance Policies, Social insurance, ... are fully implemented.	15.60	23,799	0.915	0.972
III. Job characteristics and job arrangement (Cronbach's Alpha =0.953)
CV1: Job placement is appropriate to the trained profession	9.67	11,029	0.859	0.948
CV2: Job responsibilities clear division of labor	9.90	9,822	0.902	0.934
CV3: Staff are trained to do a good job	9.83	10,274	0.862	0.946
CV4: Current position is suitable for employee's ability	9.70	9,742	0.930	0.925
IV. Interest in work (Cronbach's Alpha =0.972)
HT1: Interesting work, many challenges	9.40	11,718	0.931	0.962
HT2: Level of stress at work not too high	9.80	11,369	0.927	0.964
HT3: Level of importance in work yours compared to the whole high	9.57	11,321	0.937	0.961
HT4: Do you feel that the job is suitable for your own conditions (family circumstances, work situation)? health,…)	9.53	11,727	0.923	0.965
V. Training and development opportunities (Cronbach's Alpha =0.926)
PT1: Employee work is stable determine	10.33	6,398	0.812	0.909
PT2: Appropriate training program with the ability of the staff	10.63	6,140	0.859	0.893
PT3: Quang Binh Military Commercial Joint Stock Bank always creates opportunities for employees Employees can stay with the bank for a long time.	10.47	6,425	0.798	0.913
PT4: Current job creates many opportunities promotion association	10.37	5,938	0.844	0.898

(Source: From the results of processing survey data with SPSS)

Working environment and atmosphere: The overall Cronbach's Alpha coefficient is 0.975

> 0.6 this coefficient is significant. Correlation coefficient through total variable (Corrected item – Total

Correlation) of variables MTKK1, MTKK2, MTKK3, MTKK4, MTKK5, MTKK6 and MTKK7 are all > 0.3 (greater than the allowable standard), so the scale meets the standard, ensuring good quality. Thus, when testing the reliability of the scale to assess the working environment and atmosphere at Quang Binh Military Commercial Joint Stock Bank, there are 07 variables that satisfy the requirements. Therefore, the variables are suitable for inclusion in the following analyses. Salary and benefits: The overall Cronbach's Alpha coefficient is 0.976 > 0.6 and the total item correlation coefficient (Corrected item - Total Correlation) of all variables is > 0.3 (greater than the allowable standard), so the scale meets the standard, ensuring good quality. Thus, when testing the reliability of the salary and benefits assessment scale at Quang Binh Military Commercial Joint Stock Bank, there were 06 variables that satisfied the requirements when testing the reliability of the scale. Therefore, these variables are also suitable for inclusion.

into further analysis.

Job characteristics and job arrangement: The overall Cronbach's Alpha coefficient is 0.953> 0.6, this coefficient is significant. In addition, the Corrected item - Total Correlation coefficient of variables CV1, CV2, CV3 and CV4 are all > 0.3 (greater than the allowable standard), so the scale meets the standard, ensuring good quality. Thus, there are 04 variables that satisfy the requirements when testing the reliability of the assessment scale on job characteristics and job arrangement at Quang Binh Military Commercial Joint Stock Bank. Therefore, the variables are suitable for inclusion in the following analyses.

Interest in work: The overall Cronbach's Alpha coefficient is 0.972> 0.6 and the correlation coefficient through the total variable (Corrected item - Total Correlation) of variables HT1, HT2, HT3, and HT4 are all > 0.3 (greater than the allowable standard), so the scale meets the standard. Therefore, when testing the reliability of the scale to assess the level of interest of employees of Quang Binh Military Commercial Joint Stock Bank during the working process, there are 04 satisfactory variables to be included in the analysis of the next steps.

Training and Development Association: The overall Cronbach's Alpha coefficient reached 0.926 > 0.6 and the correlation coefficients through the total variable (Corrected item - Total Correlation) of the variables PT1, PT2, PT3 and PT4 were all > 0.3 (greater than the allowable standard). Therefore, these variables can be used for the following assessments of training and personal development opportunities during the working process at Quang Binh Military Commercial Joint Stock Bank.

2.3.3. Regression analysis measures the level and direction of influence of each group of factors.

- Consider the correlation coefficient matrix

The first step in conducting a multiple linear regression analysis is to examine the correlation between the independent variables (Work Environment and Climate, Salary and Benefits, Job Interest, Job Characteristics and Arrangements, Training and Development Opportunities) and the dependent variable (Work Motivation). Through the Pearson correlation coefficient, it is possible to confirm which variables should be included in the model.

Table 2.13: Pearson correlation coefficient

Dynamic

Correlate

Lip

School and Salary and working atmosphere benefits

Interest in work

Features and how to

arrange

job

Training and development opportunities

Pearson force

0.503 0.808 0.606 0.699 0.747