Faculty Departure Intention at Indian Business Schools

A nation is built to a large extent in its educational institutions – in its classrooms, laboratories, libraries and playing fields. The teacher is the backbone of the educational system, the maker of mankind and the architect of society. Presently, the biggest challenge faced by technical educational institutions in India is the acute shortage of qualified and competent faculties (Times News Network, 2006). The retention of this community in educational system especially individual institutes is necessary for the effective and proper use of the resources for rendering maximum service to society through building up the future human-resource pool of the nation.The phenomenal growth of Indian industry over last two decades has resulted in increasing demand for efficient business managers from business schools. And how could one think of generating efficient business managers if the expectation of faculty members-the one which transforms a student into business tycoon is not fulfilled and that thus the feeling of ignorance among faculty members leads them to go for intention to leave the institution. Turnover intention is a condition which destroys the working condition and leads to extreme fall of productivity in the workplace. Turnover intention is a condition in which the employee is only physically present in the workplace.Therefore,keeping into mind the same thought i.e retention of such segment the study was undertaken to understand the point that why faculty members intend to leave.This study is designed to analyze the gap between the expectations of faculty members at the time of joining from the institute and services actually being offered to the faculty members after joining by the business schools as this gap analysis will help in bringing out the major reasons for faculty being not satisfied and thus intends to leave. The sample size taken for the exploratory research is 300 faculty members from the accredited business schools of northern India undergoing non probability technique of sampling for the study. The findings of the research concludes that institutes are not able to fulfill the expectation level of faculty members , in other words the actual offerings by the institute are significantly inferior to what is expected by the faculty members from the institute at the time of joining.