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POWER OF TRAINING AND DEVELOPMENT ON EMPLOYEE RETENTION IN PHARMACEUTICAL ORGANIZATION

M.Usman Aleem (), Marria Purwani, Usman Ali, Syed Babar Ali 5 and Naeem Bhojani
Additional contact information
M.Usman Aleem: PAF-KIET, Karachi, Pakistan
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

IBT Journal of Business Studies (JBS), 2018, vol. 14, issue 2, 14-12

Abstract: This research is linked to the notion of employee retaining that is severely dependent on the job learning and training. Work learning and training is of the utmost significant factors in keeping the employees retained in the firms or organizations. Training and development is extremely vivacious for confirming effectiveness of the staffs. Though the Pharma firms have overextended and silently considered them as asset i.e. human capital while many are swayed that huge investments in training and development for employee's payoffs. Present study intentions to find out the impact of training beside development program and its advantages to retention of employees. The study includes the theme on which the research is carried out, the study will identify the facts which will result this research about the Power of training and development on employee retention at Pharmevo. The research is based on the 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 relation with their employees than the commitment of employees with the organization become 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 Questionnaire; the numbers of items including demographics were 25, however the type of research is quantitative in nature. The used statistical tool was Multiple Regression (SPSS). And the results proved that training do impact on the employee retentions.

Keywords: Training and development; employee retention; quality working environment; organizational commitment; Employee identification. (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:aib:ibtjbs:v:14:y:2018:i:2:p:14-12

DOI: 10.46745/ilma.ibtjbs.2018.142.12

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