Abstract
In higher education institutions, which are considered as the hub of knowledge, the retention of knowledge-workers commonly called as faculty members has become a crucial issue. Based on the previous evidences this paper aims to investigate the impact of “pay satisfaction” and the “opportunities of learning and growth” on faculty retention in private higher education institutions of Pakistan. The study is quantitative in nature. Primary data was collected through field survey method from 200 fulltime faculty members. Pearson correlation and regression analysis were employed to examine the hypotheses of the study. Findings suggested that both of the independent variables have a significant impact on retention of faculty members whereas in higher education institutions ‘opportunities of learning and growth have a higher impact as compared to pay satisfaction on faculty retention. Study proposed that both retention factors are indispensable and can play a vital role in retaining the faculty members.
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