Corporate social responsibility to employees: Factor affecting and the case of Vietnam oil and gas group

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 Hội nghị Khoa học công nghệ lần thứ XXII Trường Đại học Giao thông vận tải -720- 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 Hội nghị Khoa học công nghệ lần thứ XXII Trường Đại học Giao thông vận tải -721- 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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