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Evaluating the Impact of Compensation on Employee Retention in Private Universities

 

 

Vaishali Choudhary

Research Scholar

Tmimt (Teerthanker Mahaveer University, Moradabad)

 

Dr. Mohit Rastogi

Associate Professor

Tmimt (Teerthanker Mahaveer University, Moradabad)

 

 

Abstract

Employee retention has emerged as a critical concern for private universities striving to maintain academic excellence and institutional stability. The present study, titled “Evaluating the Impact of Compensation on Employee Retention in Private Universities,” aims to analyze the relationship between compensation structures and employees’ intention to remain within the institution. The research explores various dimensions of compensation, including salary, benefits, performance incentives, and non-monetary rewards such as recognition, work-life balance, and career development opportunities. Using both quantitative and qualitative research methods, data were collected from academic and non-academic staff across selected private universities. Statistical tools such as correlation and regression analysis were employed to examine the influence of compensation variables on employee retention rates.

The findings indicate that while monetary compensation plays a significant role in retaining employees, non-monetary factors such as professional growth opportunities and organizational culture also contribute substantially to long-term retention. The study highlights the need for private universities to adopt a balanced and holistic compensation strategy that integrates both financial and non-financial rewards to enhance job satisfaction and reduce turnover. The results provide valuable insights for university administrators and human resource professionals seeking to strengthen employee retention through effective compensation management.

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