In the scenario of increasing demand for management
education, the number of B-schools has mushroomed, but unfortunately, required
quality is not maintained, which has led to a lack of job opportunities and
high expectations from employers. Knowing the dearth of quality education and
increased rate of faculty member attrition in the last few years with the
increase in the number of B-schools in Bangalore, the management has the
challenge of conjoining its goals with the faculty aspirations, in order to successfully
overcome the problem of high attrition and attracting and retaining the best
performers. To solve the problem of attrition of faculty members, retention of
faculty members is inevitable for the success of B-schools. In order to ensure
quality education, there is a need for strategies for recruiting and retaining
talented faculty members. The researcher has used 12 variables/dimensions to
address the research questions. For the study, the sample size is 455 (407
faculty members from VTU and BU affiliated B-schools and 48 management members
from the same VTU and BU affiliated B-schools). The proposed study is a
descriptive qualitative research. The investigation is carried out at B-schools
affiliated with VTU and BU in the city of Bangalore. The data collected is
tabulated and analyzed using the SPSS 20.0 version, correlation analysis, group
statistics, and ANOVA with more emphasis on factor analysis, percentage and
ranking methods. To know in detail the general causes of attrition of faculty
members in B-schools and its impact on individuals and organizations has also
been studied and presented.
The important findings depicted that the majority of the
management respondents agree that the attrition is less. But the majority of
the faculty members, have agreed that, they joined the institution because of
vacant positions, and this has recorded the highest percentage against the
joining of faculty members because of the increase in the intake of students.
An interaction with a few ex-faculty members, based on their exit interviews in
a few institutions revealed that there is a gap between the responses of
management and faculty members. The need of the hour for every B-school is,
motivating and retaining such faculty members and to think and adopt a vigorous
human resource policy which would really give confidence about the institute in
their minds. Faculty members are keen on such strategic career moves which
assure employment and satisfaction towards job security.
Author(s)details:-
Dr. Roopa Temkar (M.Sc.,
MBA(HR), NET, KSET, Ph.D.)
SJB Institute of Technology, India.
Please See the book
here :- https://doi.org/10.9734/bpi/pller/v9/219
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