Remuneration as a strategic tool in retaining academic staff in an institution of higher learning

Abstract

The objectives of the research were to explore remuneration as a strategic tool in retaining staff in an institution of higher learning and to determine whether remuneration differ significantly based on gender, race, age and educational qualifications of academic staff. A quantitative design which relates to descriptive, correlational and inferential analyses was adopted to achieve the research objectives and to test the research hypotheses. Data mining technique were followed to extract data from secondary source. Convenience sampling (N=225) of permanent academic staff was used and data was extracted from secondary source of an HEI. The results of the study show that remuneration significantly predicts retention of academic staff in an HEI with reference to tenure. Furthermore, the correlational analysis revealed that remuneration differs significantly based on gender, age and educational qualifications of academic staff in an HEI. However, remuneration does not differ significantly based on race.