Research on the Influence of Salary Management System of Private Colleges on Sichuan Teachers' Job Retention

Abstract

The teaching profession and the essential roles teachers play in building the human capital base of any nation cannot be underestimated. These critical roles are central to college education to give students the best knowledge for sustainable growth in Sichuan education. There may seem to be close substitutes for the roles of education managers in the areas of education delivering the right salary package through the proper management system. Apparently, in Sichuan, teachers are undoubtedly still the key knowledge managers. The main engine of economic growth in this region is through a well-trained and knowledge-driven education workforce that is affected by the influencing factors of working position, remuneration, yearly bonus, contract system, and assessment performance to Sichuan college teachers’ job retention. The three research objectives are; to assess the salary management system relating to teacher retention rate, to study the degree of influencing factors affecting teachers’ job retention and satisfaction, and to evaluate the respective salary management system coping with the teacher work satisfaction relating to high retention rate.