RETENTION STRATEGIES AND INTENTION TO STAY AMONG B’ SCHOOL FACULTY MEMBERS IN BANGALORE: ANALYSIS OF CURRENT STATUS AND FUTURE DIRECTIONS
Publication Date : 01/09/2018
In the scenario of increasing demand for management education, number of B-schools have mushroomed, but unfortunately, required quality is not maintained, which has lead to lack of job opportunities and high expectations from the employers. Knowing the dearth of quality education and increased rate of faculty member’s attrition in the last few years with the increase in 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. For solving the problem of attrition of faculty members, retention of faculty members is inevitable for the success of B-schools. The study is an attempt to understand and contribute to the scenario. To know the strategies adopted by B-schools, towards retention of faculty members, data is collected from the respective respondents, through survey method using systematically arranged questionnaire and information was collected from the management and faculty members of respective B-schools. In order to ensure quality education, there is need for strategies for recruiting and retaining talented 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 policies which would really give confidence about the institute in their minds. Faculty members are keen about such strategic career moves which assures employment and satisfaction towards job security.
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