An Empirical Study on The Factors Influencing Faculty Intention to Stay at Management Institutions

Abstract

Education sector in the 21st century has seen sweeping changes, through the governmental policies. There has been a
spurt in the educational institutions, leading to a challenge in attracting and retaining the faculty. Faculty satisfaction
leads to quality improvement and reduced costs. Intention to stay indicates the extent of employee's commitment to his
organization and the willingness to remain employed. The study aims to comprehend the faculty intention to stay in
autonomous PGDBM institutions with respect to four factors- work environment, training and development,
compensation and role of HOD. The paper reveals that all the four factors have a positive role in the intention to stay of
the faculty with compensation being rated as the most important parameter affecting the faculty's intention to stay