Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)


Reward System: A Strategy for Academics Job Satisfaction and Retention

Author(s): Udume Mercy E, David Imhonopi, Ajibade E jegede, Ozoya I. Mercy, Areghan, Isibor, Olonade Y. Olawale

The reward systems are significant factors for employee satisfaction. Reward systems addresses the needs of workers, strengthens the relationship between the employee and the employer. Employees are valuable assets in any organization and expect to get rewarded for the job done. The survey method was employed in carrying out this research. A total of 200 academics’ were selected from Covenant University. The stratified sampling was used to distribute 200 copies of questionnaire among lecturers in four colleges in the university and 176 copies of questionnaire were adjudged usable for this research. Data collected was analysed using descriptive statistics on the Statistical Package for Social Sciences (SPSS) version 23. The study revealed that reward takes different forms and majority of the academics are not satisfied with the rewards system in the university. The study recommends that university management should pay attention to improving the reward system available so as to increase productivity and efficiency among academics.

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