Reward Management System on Business Educators’ Job Retention and Productivity in Higher Institutions of Learning in Delta State Nigeria
Abstract
The study examined the reward management system and business educators’ job
retention and productivity in tertiary institutions in Delta State Nigeria. Two research
questions guided the study and one null hypothesis was formulated and tested at 0.05
level of significance. The study adopted a correlational survey research design. The
population of the study comprised of 65 business educators in tertiary institutions where
business education is offered in Delta State Nigeria. The entire population of 65 business
educators was used as the sample because of its manageable size. The instrument for
data collection was a structured questionnaire titled: “Reward Management System and
Business Educators’ Job Retention and Productivity Questionnaire” (RMSBEJPPQ). The
instrument was organized into two sections, A and B. Section A contained the
demographic characteristics of the respondents while section B was made up of 10 item
statements graded on a four-point rating scale of Strongly Agreed (4 points), Agreed (3
points), Disagreed (2 points) and Strongly Disagreed (a point). The instrument was
validated and the reliability of the instrument was determined using the Cronbach Alpha
Statistical tool. A reliability coefficient of .79 was obtained which was considered reliable.
Data collected were analyzed using Pearson’s Product Moment Correlation Coefficient
and Linear Regression statistical tools. The findings of the study revealed a positive but
low relationship between organizational reward system and business educators’ job
retention and productivity. Based on the findings, the study recommended among others
that management of institutions of higher learning should ensure that institution’s reward
policies be managed in such a manner that it would attract and retain high profile talented
employees for higher productivity in institutions of higher learning in Delta State Nigeria,
and that the organization’ reward management policies should be employees’ friendly in
order to avoid or probably reduce the rate of attrition of staff who could contribute
maximally to the achievement of goals in the institutions.
Keywords: Reward Management System, Intrinsic and extrinsic rewards, Employee
Retention and Productivity
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