POWER OF TRAINING AND DEVELOPMENT ON EMPLOYEE RETENTION IN PHARMACEUTICAL ORGANIZATION

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Volume 14 Issue 2 2018

Author(s):

M.Usman Aleem
PAF-KIET, Karachi, Pakistan.
musman@live.com

Marria Purwani
ILMA University formerly-IBT.

Usman Ali
Ilma University Karachi, Pakistan.

Syed Babar Ali 5
Ilma University, Karachi, Pakistan.

Naeem Bhojani
FAST, Karachi, Pakistan.
Abstract This research is linked to the notion of employee retaining that is severely dependent on job learning and training. Work learning and training are of the utmost significant factors in keeping the employees retained in the firms or organizations. Training and development are extremely vivacious for confirming the effectiveness of the staff. Though the Pharma firms have overextended and silently considered them as assets i.e. human capital while many are swayed that huge investments in training and development for employee payoffs. The present study intentions to find out the impact of training besides the development program and its advantages to the retention of employees. The study includes the theme on which the research is carried out, the study will identify the facts which will result in this research about the Power of training and development on employee retention at Pharmevo. The research is based on a local pharmaceutical company. The purpose of this research was based on the interest and urges to analyze that how the pharmaceutical companies retain their employees through training. When organizations make their relationship with their employees then the commitment of employees to the organization becomes stronger. To analyze the relationship and significance among dependent and independent variables, the statistical tool; multiple regression was used for analyzing and deriving the hypotheses. The population of Pharmevo was 350 and the sample size was 282 through Rao soft on which the research is conducted. The applied instrument for the research was a Questionnaire; the numbers of items including demographics were 25, however, the type of research is quantitative. The used statistical tool was Multiple Regression (SPSS). And the results proved that training does impact employee retention.
Keywords Training and development, employee retention, quality working environment, organizational commitment, Employee identification.
Year 2018
Volume 14
Issue 2
Type Short Report
Recognized by Higher Education Commission of Pakistan, HEC
Category "Y"
Journal Name IBT Journal of Business Studies
Publisher Name ILMA University
Jel Classification J81, M53
DOI http://dx.doi.org/10.46745/ilma.jbs.2018.14.02.12
ISSN no (E, Electronic) 2409-6520
ISSN no (P, Print) 2416-8393
Country Pakistan
City Karachi
Institution Type University
Journal Type Open Access
Type of Review Double Blind Peer Reviewed
Format PDF
Paper Link http://ibtjbs.ilmauniversity.edu.pk/journal/jbs/14.2/12.pdf
Page 148-157
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