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Power Of Training And Development On Employee Retention In Pharmaceutical Organization

Author

Listed:
  • 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)

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 employees 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.

Suggested Citation

  • M.Usman Aleem & Marria Purwani & Usman Ali & Syed Babar Ali 5 & Naeem Bhojani, 2018. "Power Of Training And Development On Employee Retention In Pharmaceutical Organization," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 14(2), pages 148-157.
    • Handle: RePEc:aib:ibtjbs:v:14:y:2018:i:2:p:148-157
    DOI: https://doi.org/10.46745/ilma.ibtjbs.2018.142.12
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    References listed on IDEAS

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    1. Philipina Ampomah, 2016. "“The Effect of Training and Development on Employee Performance in a Private Tertiary Institution in Ghana” (Case Study: Pentecost University College (Puc) - Ghana)," Asian Journal of Social Sciences and Management Studies, Asian Online Journal Publishing Group, vol. 3(1), pages 29-33.
    2. Ahammad, Mohammad Faisal & Tarba, Shlomo Yedidia & Liu, Yipeng & Glaister, Keith W., 2016. "Knowledge transfer and cross-border acquisition performance: The impact of cultural distance and employee retention," International Business Review, Elsevier, vol. 25(1), pages 66-75.
    3. Rajagopal, 2014. "Organizations and Innovation," Palgrave Macmillan Books, in: Architecting Enterprise, chapter 3, pages 58-86, Palgrave Macmillan.
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    Citations

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    Cited by:

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    7. Khan, Muhammad Umer, 2016. "Environmental Concerns in Capital Budgeting: Impact on Firms Performance," MPRA Paper 116417, University Library of Munich, Germany, revised 26 Aug 2022.
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    12. Naz, Sana, 2008. "Corporate Governance and New Product Offerings at Local Commercial Banks in Pakistan," MPRA Paper 116401, University Library of Munich, Germany, revised 03 Jan 2023.
    13. Acqueel, Farheen, 2005. "Training and Employee Development at Pakistan State Oil," MPRA Paper 116394, University Library of Munich, Germany, revised 25 Dec 2022.

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