INFLUENCE OF PAY AND CAREER SATISFACTION ON EMPLOYEES’ TURNOVER INTENTION IN A NIGERIAN TECHIE START-UP

Abstract

This study examined the influence of pay and career satisfaction on employees’ turnover intention in a Nigerian Techie Start-up. A total of 200 (M=88 and female=112) participants were selected using a convenient sampling technique and a battery of psychological tests consisting of Turnover Intention Scale, Pay Satisfaction Scale and Career Satisfaction Scale were used to collect data from the participants. The data collected were analysed using Independent T-Test and Regression Analysis to test the hypotheses and the findings revealed that participants classified as having higher pay satisfaction reported significantly lower turnover intention compared to participants classified as having lower pay satisfaction. Also, participants classified as having higher career satisfaction reported a significantly lower on turnover intention compared to participants classified as having lower career satisfaction. Furthermore, pay satisfaction and career satisfaction accounted for 16.3% of the observed variance on turnover intention. However, the findings showed that there was no significant difference in turnover intention between male participants and females. These findings were discussed in line with the literature reviewed and it was recommended that the managers and employers of labour should put measures in place to enhance pay and career satisfaction of workers in order to reduce employee turnover intentions in their organizations.