Impact of Rewards and Benefits towards Job Satisfaction in Self Financing Institutes

Job satisfaction represents one of the most complex areas facing today's teaching professionals. Although thousands of papers and research have been conducted on job satisfaction all over the world, this is one of the least studied research field. Job satisfaction of faculty members is one of the most crucial issues in self financed Engineering colleges. Though there are many factors affecting the faculty job satisfaction in self financing institutes, the current study has considered understanding the impact of Rewards and Benefits towards job satisfaction. The data was collected using questionnaire from various self finance Engineering colleges in and around Chennai city. Sample size of 732 valid responses were taken for the current study. A pre-test was conducted to test the factors and the Cronbach's Alpha was found to be 0.980. The outcome of the study suggests that Rewards and Benefits has a great impact on the overall job satisfaction of faculty.