Does the Academics Member Remuneration Impact Job Satisfaction of Academic Faculty Members of state Universities in Sri Lanka?

Abstract

The main purpose of this study was to examine whether the remuneration of the state university lectures had an impact on their overall job satisfaction and to assess the overall level of job satisfaction of university lectures of state universities in Sri Lanka. A quantitative approach was employed in this study, and a structured questionnaire was used to collect data from university lectures in fifteen state universities in Sri Lanka. Out of fifteen state universities, a representative sample based on a multi-stage stratified random sampling method was used, where 500 questionnaires were distributed and 423 questionnaires deemed usable for further analysis were identified. In terms of findings, the multiple regression analysis performed to test the research hypothesis on the relationship between remuneration and overall job satisfaction indicated that the factor ‘remuneration’ is a significant positive factor affecting the overall lectures job satisfaction of academics in Sri Lankan state universities. Further, in terms of the overall job satisfaction of academic staff members of Sri Lankan state universities, the median and mean values of were found to be 3.95 and 3.93 (in a 1-5 Likert scale), respectively, and in addition, the mean value was also found to be significantly higher than the neural value 3 (based on one-sample t-test). This means that the university lectures are generally satisfied with their jobs in the Sri Lankan context.