The study aims to identify factors affecting corporate social responsibility
(CSR) towards employees in Vietnam Oil and Gas Group (PVN). The author applies
the quantitative research methods based on questionaire with primary data collected
through a survey of employees in PVN. The results find out 5 main factors affecting
CSR to employees in Petrovietnam: corporate leader’s perception on CSR; employee’s
perception on CSR; corporate culture; mass organization; legal system and
conventions about labor; in which corporate leader’s perception took the most
influence on CSR to employees in PVN. Upon this, the study suggests some solutions
to improve CSR to employees in PVN
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results of the correlation coefficient matrix also show that the dependent
and independent variables are statistically significant at the minimum of 0.01. At the
same time there were no signs of abnomaly. Coefficients do not show the sign of
multicollinearity. All of the above results suggest that other statistical analyzes can be
used to test research hypotheses.
Table 4. Matrix of correlation coefficients
LD VH PL NLD DT TNXH
LD 1
VH 0.312 1
PL 0.362 0.102 1
NLD 0.540 0.493 0.287 1
DT 0.618 0.346 0.364 0.617 1
TNXH 0.657 0.511 0.364 0.738 0.661 1
Source: Results of author's data analysis
4.4. Hypothesis testing
The regression results show that the significance level values are all <0.05, so
the independent variables have an impact on the dependent variables of CSR to
employees. The beta coefficients are> 0. Beta coefficient shows that the independent
variables have a positive relationship with the dependent variable. All variables are
statistically significant at the 0.01 level.
Table 5. The statistical parameters of the regression model
Model Non-standardized
regression
coefficient
Standardiz
ed
regression
coefficient
T-test
value
Signi
fican
ce
Multicollinearity
statistic
B Standard
deviation
Beta Accepta
bility
Variation
magnifica
tion
factor
(VIF)
Consta
nt
0.321 0.172 1.869 0.063
LD 0.199 0.032 0.260 6.287 0.000 0.559 1.788
VH 0.146 0.032 0.174 4.868 0.000 0.749 1.335
PL 0.082 0.036 0.078 2.311 0.021 0.831 1.203
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NLD 0.367 0.042 0.381 8.735 0.000 0.502 1.993
DT 0.154 0.038 0.177 4.009 0.000 0.491 2.038
Source: Synthesized results from SPSS analysis
Analysis results have identified 5 factors affecting CSR to employees in PVN.
The effects of the factors can be sorted according to the degree of decrease as follows:
(i) employees' awareness; (ii) the perception of business leaders; (iii) corporate culture;
(iv) mass organization; (v) the legal system and conventions on labor.
The linear regression equation demonstrates the relationship between the
variables in the model factors affecting CSR to employees in PVN by the following
equation:
CSR = 0.260.LD + 0.174.VH + 0.078.PL + 0.381.NLD + 0.177.DT
5. Conclusion
Based on the research results, the author gives some suggestions to improve
CSR to employees during their time at PVN as follows:
Firstly, to raise awareness of the Group leaders about CSR to employees. In
order to perform well CSR to employees, first of all, it is necessary to raise the
awareness of the Group leaders on CSR to employees. The Group leaders need to
consider CSR to employees as a solid foundation to ensure sustainable development
and improve PVN's competitiveness in general and each member unit in particular.
Accordingly, the awareness of CSR to employees of the Group's leadership team and
its member units plays a key role in affecting the level and content of enabling CSR to
employees. There should be the participation of agencies and organizational units to
propagate and motivate enterprises about the need of CSR to the most important object
in enterprises - employees. In fact, whether the implementation of CSR to employees
in the units is really effective largely depends on the level of knowledge and political
determination of the administrators and the operating apparatus. If the senior leaders
and corporate governance of the Group are fully aware of the meaning and role of
employees and the effectiveness of social responsibility activities for employees, they
will have the best decision on the level of CSR to employees for their units. This is
because social responsibility needs to come from the leaders of the Group. Once the
head of the Group does not really believe and pay attention to the importance of CSR
to employees, it is difficult to successfully implement social responsibility activities.
Secondly, to raise employees' awareness on the Group's social responsibility.
To raise employees' awareness on CSR to employees, the coordination of both mass
organizations and units outside the Group is needed. Specifically, this can be done
through a number of contents such as publicizing the Labor Law in the Group;
enhancing the role of unions for employees; creating conditions for employees to
actively participate in CSR activities at the Group.
Thirdly, enhance the role of mass organizations in propaganda and
implementation of CSR to employees at the Group. In order to enhance the role of the
mass organizations, it is necessary to raise the effectiveness of the leadership and
direction of the Party Committee for trade union work; as well as improve the
qualifications and understanding of trade union officers about CSR to employees. In
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addition, it is necessary to further promote the functions of the Trade Union
organization in participating in the management of the Group.
In addition to the above solutions, CSR to employees can also be enhanced
through a number of solutions such as integrating the content of CSR to business
strategy and publishing the social responsibility report of the company. In the report,
PVN needs to announce the results of activities and efforts that the Group has carried
out to society, especially information on CSR and CSR to employees. This means that
once the Group issues a social responsibility report, the Group itself will focus on
better social responsibility.
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