Financial Rewards as correlate Job Satisfaction of Business Educators in Colleges of Education in Edo and Delta States, Nigeria

Abstract

The study examined financial and rewards as correlates of business educators’ job satisfaction in colleges of education in Edo and Delta States. To guide this study, three research questions were raised while three hypotheses were formulated and tested at 0.05 level of significance. The correlational research design was employed in the study. The population was made up of 121 business educators in colleges of education in Edo and Delta States. The entire population of 121 was used for the study. The research instrument that was used to collect data for this study was a questionnaire titled “Financial Rewards Assessment Questionnaire” (FRAQ), it has two sections. Section A consists of personal data of business educators such as sex, working experience and marital status, while section B consists of 21 items divided into 3 clusters to measure financial rewards on job satisfaction. The research instruments were face and content validated by three experts. Cronbach Alpha statistics was used to ascertain the internal consistency of the instrument and a reliability coefficient of 0.79 was obtained. For data collection, the questionnaire was administered by the researcher with the help of five research assistants. Pearson product moment correlation co-efficient was used to test hypotheses at 0.05 level of significance. The findings of the study revealed that financial rewards significantly influence job satisfaction of Business Educators in Colleges of Education in Edo and Delta States. The researcher recommended that government and college management should ensure that variables such as salary, medical benefits and retirement benefits be adequately provided in colleges of education.