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The IUP Journal of Organizational Behavior

The Impact of Pay Satisfaction on the Performance of College Teachers: Empirical Insights from Kolkata, India

Article Details

Pub. Date	: Apr, 2019
Product Name	: The IUP Journal of Organizational Behavior
Product Type	: Article
Product Code	: IJOB31904
Author Name	: Shaunak Roy
Availability	: YES
Subject/Domain	: Management
Download Format	: PDF Format
No. of Pages	: 18

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Abstract

It is well documented that pay is a significant motivator of performance (Rynes et al., 2004). Notwithstanding that, there is considerable debate over the notion that higher pay leads to higher satisfaction. In common parlance, pay-level satisfaction refers to an individual’s direct wage and salary compensation and is regarded as one of the most important job attributes for an individual. However, pay satisfaction is a blend of both the monetary and the non-monetary components, since pay, although by itself is a necessity, is not a sufficient condition for job engagement. Accordingly, the paper examines the dimensions and determinants of pay satisfaction among bank employees. The paper also seeks to provide a brief insight into the various ethical issues associated with administering pay in private banks, in addition to fathoming how this delicate topic can be administered in practice. This study examines the impact of pay satisfaction on the performance of teachers from select colleges in the city of Kolkata, India. The study is unique, given that very few studies have been conducted in this domain, especially in the Indian milieu, owing to its rather sensitive disposition and subjective understanding. Further, pay is deemed as a major determinant of job satisfaction, thus making the study both relevant and purposeful. The study shall help managers as well as academicians in understanding the nuances of pay as a critical component in the development of overall job satisfaction and employee performance.

Description

Attracting and retaining high quality faculty members in an academic setting is a major prerequisite as well as a challenge for most colleges and universities in India (Jadhav et al., 2014). One of the major reasons is that in multiple states across India, teachers have been employed on contract (EFAGMR, 2015). Although this extensive appointment of contract teachers has been a popular practice since the 1990s, fast-paced development efforts since 2002 have permitted states to recruit such teachers through central government grants. Notwithstanding that, there is considerable variation between states. While factors such as reputation, prestige and status play a momentous role in motivating individuals to enter the teaching profession, the amount of pay an employee receives is also known to influence her/his job satisfaction and intrinsic desire to stay put in the profession (Currall et al., 2005). The amount of pay received by teachers not only serves as a catalyst in accelerating their job satisfaction but also elevates organizational success consistently. This helps them to develop favorable attitudes toward their profession as well as higher levels of productivity.