IMPACT OF COMPENSATION PACKAGES AND JOB SECURITY ON TEACHERS TURNOVER AT PRIVATE UNIVERSITIES IN BANGLADESH: THE MEDIATING ROLE OF JOB SATISFACTION

Abstract

This study explores the role of job satisfaction as a mediating variable in examining how compensation packages and job security influence teacher turnover in private universities in Bangladesh. It aims to understand how salary and employment stability shape educators' decisions to stay or leave their jobs. A sample of 297 participants from ten private universities was selected using random sampling. Data were collected through structured questionnaires employing a 7-point Likert scale, and analyzed using various statistical methods. The study utilized Smart PLSv3 and PLS-SEM to assess indirect effects and test hypotheses. Findings reveal that both compensation and job security significantly influence job satisfaction, which in turn impacts teachers’ intentions to resign. The results underscore the importance of equitable pay structures and strong job security policies in enhancing job satisfaction and reducing faculty turnover. The research suggests that offering competitive salaries, clear opportunities for professional growth, and a supportive work environment leads to higher job satisfaction and lower turnover among teachers. These insights carry significant implications for university leaders and policymakers, highlighting the need to foster a stable and motivating academic environment to ensure faculty commitment and academic excellence in Bangladesh’s private higher education sector.