The Effect of Human Resource Competence on Entrepreneurial Intention among Millennial Generation: Mediating Role of Technology

Abstract

Today, the COVID-19 pandemic impacts declining economic activities due to an increase in the number of unemployed on a large scale. The significant increase in the number of open unemployed is not only caused by a slowdown in economic growth but also due to changes in people's behavior related to the COVID-19 pandemic and social restriction policies, both on a small and large scale. This study investigates the mediating role of technology in the relationship between human resource competence and entrepreneurial intention among the millennial generation. This quantitative study was designed using a survey questionnaire to 97 respondents. The data were analyzed using Structural Equation Modelling (SEM) with Partial Least Square (PLS). SEM consists of two sub-models: measurement model (outer model) and structural model (inner model). The result indicates that human resource competence significantly affects the role of technology and entrepreneurial intention. Besides that, this study found that the role of technology mediates the relationship between human resource competence and entrepreneurial intention. In conclusion, this study proves that the role of technology is a significant factor in the relationship between the competence of human resources and the millennial generation's entrepreneurial intention.