Recent Study on the Impact of Compensation and Benefits on Job Satisfaction
History and Goals: Human capital is the most important aspect of an organization’s effectiveness, and its employees are its most valuable asset. It is important for any organization’s efficiency and competitiveness to keep workers in their employment. A crucial phenomenon in tertiary education is the lack of academic personnel and the failure of higher education institutions to recruit and maintain highly skilled talent. Academic workers are educational institution employees, and their work satisfaction encourages teaching and learning. Academic workers satisfaction would increase productivity and research outputs for universities. The study’s aim was to look into the effect of pay and benefits on job satisfaction among academic staff in South African higher education institutions. There is a scarcity of research on the relationship between pay, benefits, and work satisfaction in higher education institutions across the country.
Materials and Methods: To analyse the impact of incentives on talent attraction and retention, this study used the quantitative analysis approach. A survey design was used to collect data via a semi-structured questionnaire, and an explanatory hypothesis generation approach was used. For this analysis, a total of 279 academic staff members were chosen from the total population of participants.
Compensation has a positive and meaningful impact on work satisfaction (p = 0.263). Furthermore, there was no correlation between benefits and work satisfaction. As a result, only compensation was found to be a significant predictor of work satisfaction among academic workers.
Conclusion: The realistic administrative consequences of recruiting and maintaining a new generation of lecturers into higher education institutions would necessitate significantly different skills and competitive job offers than what these institutions currently have. As a result, higher education institutions must strengthen their compensation strategies in order to increase employee loyalty, which will allow them to achieve outstanding results efficiently. This will increase the country’s research outputs as well as its skills. To save time and money on travel to various campuses, an electronic data collection system should be considered, allowing academic workers to complete online surveys.
Author (s) Details
Calvin Mzwenhlanhla Mabaso
Department of Software Studies, Vaal University of Technology, Private Bag X021, 1900 Vanderbijlpark, South Africa.
Bongani Innocent Dlamini
Department of Human Resources Management, Durban University of Technology, 19 Aberfedly Road, 3209 Scottsville, South Africa.
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